Tuesday, September 02, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple's iCloud Could Have Allowed Celebrity Nude-Photo Leak
Google To Launch New Budget Phone In India
Asus ZenWatch To Have Voice Control Features
Miraisens Showcases Touchable 3D Tech
Nintendo's Figurines Coming Later This Year
ASUS and G.Skill Take Overclocking Records
Korean Researchers Advance Synthesis Process for Graphene Quantum Dots
LG Display Opens LCD Panel Plant in China
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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
Intel Hopes To Improve Its Mobile Business With Ex-Qualcomm exec
Intel Unleashes its First 8-Core Desktop Processor For Gaming
Intel Introduces World's Smallest Standalone 3G Modem
NAND Flash Market to Grow in 2015
Intel Highlights Its Wireless Computing Plans
Intel, Chunghwa Telecom Team up on Internet of Things
Avago to Sell LSI's Networking Business to Intel
Intel's Wearable Devices To Help Parkinson's Disease Research
Intel Discloses Newest Microarchitecture and 14 Nanometer Manufacturing
Intel Offers Software Kits For Designers Of Wearable Devices
Tessera and Micron Execute New Technology and Patent License Agreements
Toshiba, Samsung Vie For 48-layer 3-D NAND Chips

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .