Saturday, July 30, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alphabet Posts Strong Revenue on Video Market
Games Outweigh Sagging Sensors For Sony
Microsoft To Further Cut Jobs Towards The Final Exit From Phone Business
AMD Radeon RX 470 And RX 460 Are Shipping in Early August
Worldwide Smartphone Volumes Relatively Flat in Q2 2016
Oracle to Buy NetSuite for $9.3 Billion
Samsung and Nestle Collaborate on the Internet of Things and Nutrition
Home Appliance and Home Entertainment Units Help LG's Quarterly Profits
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
Western Digital Announces First 64 Layer 3D NAND Technology
Intel Kaby Lake Processors Coming Soon
Slow PC Market Keeps Hurting Intel
Toshiba To Produce First 64-layer 3D NAND Flash Memory Chip
Project Malmo, Which Lets Researchers Use Minecraft for AI research, Makes Public Debut
Micron Introduces SLC NAND Flash for IoT and Automotive
BMW Group, Intel and Mobileye Team Up to Bring Autonomous Driving to Streets by 2021
Micron To Reduce Workforce Following Slow Third Quarter Results
Intel Could Sell Cyber-Security Unit
Intel Tries To Reverse $1.2 Billion Antitrust Fine at Top EU Court
Intel 72-core Xeon Phi Chip Challenges GPUs In Machine Learning Applications
iPhone 7 To Have Intel Chips Inside

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 .