Science Corporation

Concurrent with the plant sale, Memscap and Science Corporation entered into a strategic supply agreement for the manufacturing and supply of chips and wafers for Memscap's VOA business, with a minimum three-year term.

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.