toggle

AAPL Stock: 112.76 ( -0.53 )

Printed from http://www.macnn.com

Intel, Micron expand joint venture for NAND memory

updated 04:30 pm EST, Tue February 28, 2012

Intel offloads plants, Micron to supply Intel NAND

Intel and Micron have enhanced their flash-memory chip joint venture. Intel has agreed to sell to Micron its holdings in two memory wafer production facilities for $600 million. In return, Micron will become Intel's supplier of NAND memory chips.

The expansion is a progression of a relationship that the two companies have had over several years. In December, they jointly announced the development of a 128GB NAND flash chip based on 20nm production technology. The chip, to be commercially available in the first half of this year, could be used in solid-state drives, smartphones and tablets. Intel and Micron are currently shipping a 64GB version of the flash memory.

The two companies expect to close the expanded joint venture deal in the second quarter of this year. Micron, in addition to selling memory to OEMs, also sells memory products to end consumers under the Crucial and Lexar brands. [via The Wall Street Journal (subscription required)]




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

toggle

Most Commented