# Memscap sells North Carolina plant to Science Corporation

Memscap sold its North Carolina manufacturing plant and certain assets to Science Corporation for $3 million. The deal includes the plant lease, tools, equipment, and foundry customers, but excludes Memscap's VOA products and IP.

- Type: Acquisition
- Announced: 2022-12-07
- Where: North Carolina, United States
- Value: $3.00M
- Status: completed
- Products: MEMS-based optical communications products, chips, wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Memscap](https://endata.com/companies/67158.md)
- [Science Corporation](https://endata.com/companies/67159.md) (acquirer)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20221207005667/en/Heading-For-2023-Memscap-Announces-the-Sale-of-Its-North-Carolina-Manufacturing-Plant-to-Science-Corporation-the-Conclusion-of-a-Strategic-Supply-Agreement-for-Optical-Communications-Products), 2022-12-07: "MEMSCAP entered into a definitive Asset Purchase Agreement with Science Corporation... covering the sale and transfer of certain assets of its US subsidiary."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.