# Micron to buy Intel's stake in IM Flash Technologies for $1.5B

Micron Technology will acquire Intel's stake in their joint venture IM Flash Technologies for about $1.5 billion in cash plus assuming Intel's debt of about $1 billion, taking full control of the venture.

- Type: Acquisition
- Announced: 2018-10-19
- Where: United States
- Value: $1.50B
- Status: announced
- Products: 3D XPoint memory
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Micron Technology](https://endata.com/companies/16026.md) (acquirer)
- [Intel](https://endata.com/companies/21062.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/us-micron-tech-imflash/micron-to-buy-intels-stake-in-joint-venture-im-flash-technologies-idUSKCN1MS34N/), 2018-10-19: "Micron Technology Inc said on Thursday it planned to take full control of IM Flash Technologies joint venture with Intel Corp."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.