17 Apr '17, 6am
PTI to buy Micron backend plant in Japan
PTI to buy Micron backend plant in Japan Jessie Shen, DIGITIMES, Taipei [Monday 17 April 2017] Taiwan-based Powertech Technology (PTI), a backend house specializing in NAND flash and DRAM memory chips, has announced plans to fully acquire Micron Akita, Micron Technology's assembly and test plant in Japan. PTI disclosed it had signed an agreement with Micron to buy 100% Micron Akita. The pair also agreed to enhance their "long-term strategic relationship." Micron is already partnering with PTI for assembly and packaging services in Xian, China. The pair has built a joint-venture fab in Xian with volume production having kicked off in March 2016. In addition, PTI struck a separate deal to take up Micron's 39.6% stake in Japan-based wafer testing company Tera Probe, of which PTI already owns 11.6%, PTI indicated subsidiary PTI Japan will launch a tender offer to buy more Tera...