M&A Deal Summary

Micron Acquires Ovonyx

On September 5, 2012, Micron acquired semiconductors company Ovonyx from Energy Conversion Devices

Acquisition Highlights
  • This is Micron’s 3rd transaction in the Semiconductors sector.
  • This is Micron’s 5th transaction in the United States.
  • This is Micron’s 1st transaction in Michigan.

M&A Deal Summary
Date 2012-09-05
Target Ovonyx
Sector Semiconductors
Buyer(s) Micron
Sellers(s) Energy Conversion Devices
Deal Type Divestiture

Target

Ovonyx

Sterling Heights, Michigan, United States
Ovonyx, Inc. is a manufactures of phase-change semiconductor memory (“PCM”) technology.

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Buyer(S) 1

Buyer

Micron

Boise, Idaho, United States
Category Company
Founded 1978
Sector Semiconductors
Employees43,000
Revenue 15.5B USD (2023)
DESCRIPTION

Micron is a provider of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Micron's common stock is traded on the NASDAQ under the MU symbol. Micron was founded in 1978 and is based in Boise, Idaho.

DEAL STATS #
Overall 7 of 11
Sector (Semiconductors) 3 of 6
Type (Divestiture) 2 of 3
State (Michigan) 1 of 1
Country (United States) 5 of 6
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-20 Virtensys

Cheadle, United Kingdom

Virtensys is a provider of PCIe-sharing solutions based in Manchester, England and Beaverton, Ore. Its products include I/O Virtualization Switches, used to deploy data and storage connectivity among serviers to develop and deploy LAN/SAN/DAS connectivity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 Elpida Memory

Tokyo, Japan

Elpida Memory, Inc. is a leading manufacturer of Dynamic Random Access Memory (DRAM) integrated circuits. The company's design, manufacturing and sales operations are backed by world class technological expertise. Its 300mm manufacturing facilities, consisting of its Hiroshima Plant and a Taiwan-based joint venture, Rexchip Electronics, utilize the most advanced manufacturing technologies available.

Buy -

Seller(S) 1

SELLER

Energy Conversion Devices

Auburn Hills, Michigan, United States
Category Company
Founded 1960
Sector Semiconductors
Employees1,300
DESCRIPTION

Energy Conversion Devices, Inc. is a manufactures, sells and installs thin-film solar laminates that convert sunlight to clean, renewable energy using proprietary technology.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Mergr

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