Tuesday, May 24, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Enhances Ads For Mobile Devices
LG G5 "Friends" LG CAM Plus, LG 360 CAM, LG 360 VR, LG TONE Devices Launch In US
Twitter Photos, videos And Names in Reply Tweets Will No Longer Count Toward 140-character Limit
Samsung Expands 750 EVO SSD With Availability and Increases Capacity to 500GB
Google's Paris Offices Raided
OCZ RD400 NVMe SSD Series Released
LG's 2016 OLED TV Line Launches At U.S. Retail
NHK STRL Open House 2016 Kicks Off
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Intel, ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, February 28, 2012
Intel, Micron Expand NAND Flash Memory Joint Venture


Intel and Micron today announced that the companies have entered into agreements to expand their NAND Flash memory joint venture relationship.

The agreements include a NAND Flash supply agreement for Micron to supply NAND products to Intel and agreements for certain joint venture assets to be sold to Micron. Under terms of the agreement, Intel is selling its stake in two wafer factories in exchange for approximately $600 million - the approximate book value of Intel's share. Additionally, Intel will be receiving approximately half of the consideration in cash and the remaining amount will be deposited with Micron, which may be refunded or applied to Intel's future purchases under the NAND Flash supply agreement. The agreements also extend the companies' NAND Flash joint development program and expand it to include emerging memory technologies.

"Micron's joint venture NAND development efforts with Intel are a model of innovation, productivity and effectiveness," said Micron Chief Executive Officer Mark Durcan. "With IM Flash and its associated programs, our companies have become leaders in the NAND Flash arena. These new agreements build on that success."

"The Intel-Micron partnership has created industry-leading NAND Flash memory technology and developed a robust global manufacturing network. The new NAND Flash supply agreement with Micron gives Intel better flexibility to meet growing demand for SSDs and other products," said Robert Crooke, Corporate Vice President and General Manager of the Non-Volatile Memory Solutions Group, Intel.

As part of these agreements, Micron will increase its share of the overall NAND Flash output and optimize its global manufacturing network by purchasing the assets of IM Flash Singapore (IMFS) and the IM Flash Technologies (IMFT) assets in Manassas, Va.

Micron has also agreed to supply Intel with NAND Flash memory from its facilities. The IMFT joint venture NAND manufacturing facility in Lehi, Utah, will continue to operate with minimal changes to its existing operations. The facility is currently in production on the companies' 20nm NAND Flash memory technology.

The transaction is expected to close during the first half of this year, subject to certain conditions.


Previous
Next
Studios And Storage Firms Push DRM For Cloud Content        All News        Proview Taiwan Charges Apple with Fraud and Unfair Competition
Studios And Storage Firms Push DRM For Cloud Content     General Computing News      Proview Taiwan Charges Apple with Fraud and Unfair Competition

Get RSS feed Easy Print E-Mail this Message

Related News
Sony Joins Forces with Cogitai to Conduct Research and Development for Artificial Intelligence
Brian Krzanich Outlines Intel's Future Strategy
Microsoft Positions Windows 10 As A Platform for the Intelligence Revolution
Intel To Axe 12,000 Jobs, Focuses On Cloud And Smart, Connected Computing Devicess
Intel Outlines Next Generation of Experiences At 2016 Intel Developers Forum Shenzhen
Intel Packs Altera Arria 10 FPGAs With Xeon E5-2600 v4 Processors
Micron Unveils New NVMe PCIe SSDs, New Flash-storage Solutions For Open Source Data Centers
Intel Senior Executives Leaving Company
Intel Introduces Xeon Processor E5-2600 v4 And Its First 3D NAND SSDs
Chinese AI Team To Challenge Google's AlphaGo
Micron Swings to Loss
Samsung To Start Mass-Producing 18nm DRAM

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .