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Micron to buy Intel's stake in IM Flash joint venture for $1.5B · Endata

◂ Announcements

Jan 16, 2019ACQUISITIONLehi, Utah, United States

Micron to buy Intel's stake in IM Flash joint venture for $1.5B

Micron Technology confirmed plans to buy out Intel's stake in their flash memory joint venture IM Flash Technologies for $1.5 billion. The joint venture owns a foundry in Lehi, Utah, which produces 3D XPoint memory technology.

Value

$1.50B

Status

Announced

Products3D XPoint memory technologyflash memory

CompaniesMicron Technology acquirer Intel target IM Flash Technologies target

Sectors#Semiconductors and Industrial Electronics

“The Utah-based facility provides us with the manufacturing flexibility and highly skilled talent to drive 3D XPoint development and innovation, and to deliver on our emerging technology roadmap.”siliconangle.com

1 source
siliconangle.comMicron to buy Intel's stake in 3D XPoint joint venture for $1.5B - SiliconANGLEMike WheatleyJan 16, 2019

Summarized from public sources; check the original articles before acting on it.

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