Item 2.01. Completion of Acquisition or Disposition of Assets | ||||||||
| Item 9.01. Financial Statements and Exhibits | ||||||||
| SIGNATURES | ||||||||
| Exhibit Index | ||||||||
| EXHIBIT 2.1 | ||||||||
| EXHIBIT 2.2 | ||||||||
Table of Contents
Item 2.01. Completion of Acquisition or Disposition of Assets.
On October 2, 2007, we completed the sale of our semiconductor assembly and test operations in
Thailand to an affiliate of STATS ChipPAC Ltd. for approximately $100 million, $50 million of which
was paid in cash at closing and $50 million of which was paid in the form of a note due over four
years.
As part of the transaction, we transferred our assembly and test facility in Thailand to the
buyer. That facility consists of approximately 440,000 square feet of
floor space. Approximately 1,250 employees of the facility
transferred to the buyer. Prior to the sale, STATS ChipPAC was a supplier of assembly and test
services to us. In connection with the sale, we have entered into a multi-year wafer assembly and
test agreement and a transition services
agreement with STATS ChipPAC.
Item 9.01. Financial Statements and Exhibits
| Exhibit No. | Description | |
2.1
|
Asset Purchase Agreement, dated as of July 25, 2007, among STATS ChipPAC (Thailand) Limited and STATS ChipPAC Ltd. and LSI (Thai) Ltd. and LSI Corporation. | |
2.2
|
Amendment No. 1 to Asset Purchase Agreement. |