Texas Instruments To Pay $173M For Qimonda Assets

Law360, New York (August 21, 2009, 3:31 PM EDT) -- Texas Instruments Inc. has announced it will pay $172.5 million in a stalking horse bid for assets of bankrupt semiconductor maker Qimonda Richmond LLC.

TI filed notice of the deal Thursday in the U.S. Bankruptcy Court for the District of Delaware, offering to buy semiconductor manufacturing equipment for producing 300 millimeter wafers from Qimonda Richmond's factory in Virginia, according to TI spokeswoman Kimberly Morgan.

“TI will use the equipment to expand our analog manufacturing capacity for future needs at an opportune price,” Morgan said.

“If completed,...
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