Asia Express - Computing
TI to Purchase Chinese Cension for US$175 Million
July 30, 2010
According to a report released by Southwest Union Equity Exchange, Cension, an eight-inch wafer fab located in Chengdu, China, is expected to be sold to TI (Texas Instruments) for US$175 million, Sina Technology News reported on July 27, 2010. Cension is currently run by Chinese chipmaker SMIC (Semiconductor Manufacturing International Corporation) for the Chengdu local government. It is reported that formal deal will be signed in mid-August between the two companies, and transfer of the plant will be completed before the end of October 2010. When the deal is finalized, this eight-inch wafer plant is expected to become TI's first fab in China.

It is reported that the terms of the deal include that the plant has to remain in the Chengdu Hi-Tech Industrial Development Zone, and the buyer must retain at least 90% of the employees currently working in the plant.