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GRESHAM, OR-Publicly held ON Semiconductor Corp. of Phoenix hasagreed to acquire and continue operating a 500,000-sf chip planthere that was being offered for sale by publicly held LSI LogicCorp. of Milpitas, CA, which no longer wants to manufacture its ownwafers. The agreed upon sale price for the fully operational waferfabrication facility is $105 million; the transaction is expectedto close in the next 45 days.

LSI designs high-performance semiconductors that access,interconnect and store data, voice and video. The company istransition to newer technology and a "fabless" operating model,which means it will no longer fabricate any of its own product.Much of the company's manufacturing is already being done overseasthrough existing foundry partners (UMC, SMIC and ROHM Co Ltd.) inTaiwan, Japan, China and Malaysia.