Micron exiting stakes in testing firms Tera Probe, Micron Akita

|About: Micron Technology Inc. (MU)|By:, SA News Editor

Micron Technology (NASDAQ:MU) is up 0.8% in its first action since weekend news that Tauwanese firm Powertech Technology would buy Micron's 39.6% stake in Japan's Tera Probe, a wafer test company, in a $132M deal.

Powertech is buying that stake in Tera Probe for ¥1,100/share. Tera Probe closed down 5.7% in Tokyo today, to ¥1,130.

Powertech is also buying the entirety of Micron-owned packaging/testing firm Micron Akita; that deal could run up to $50M.