Cypress Sells Minnesota Fab for $30 Million
SAN FRANCISCO–Cypress Semiconductor Corp. has cut a deal to sell its 200mm fab in Bloomington, Minn., for $30 million. Under the terms of the deal, Cypress will sell a subsidiary that owns the fab to a startup foundry, SkyWater Technology Foundry, backed by a Minnesota-based holding company. SkyWater will operate the fab, manufacturing wafers for…
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