Micron acquires Avago's image sensor biz

To enhance its position as a supplier of CMOS image sensors, Micron Technology Inc. has acquired Avago Technologies' image sensor business for $53 million. Based on the terms of the acquisition, Avago's imaging team of 90 will join Micron's workforce.

"The Avago imaging team is one of the pioneering groups in CMOS imaging, and the talented team further bolsters Micron's leading position in the industry," said Bob Gove, VP of Micron's imaging group. "Micron image sensors are in one in three camera phones in the world today, and we're advancing in other key imaging market segments including automotive, security, consumer electronics and medical applications. It's an exciting time for us, and the Avago team will immediately strengthen our business potential."

The acquisition also provides Micron with select imaging products and intellectual property relating to Avago's image sensor business.