Micron and Intel Agree to Put in More than $3.8B in Flash Technology
February 27, 2006 8:14 PM
comment(s) - last by
IM Flash Technologies LLC will be a joint venture between Micron and Intel
Intel and Micron have entered a deal where both have agreed to contribute over $1.2B each to create a company called IM Flash Technologies LLC. In the deal, Micron also agreed to sell its NAND flash and chip division along with associated intellectual properties to Intel for $270 million.
In the deal,
Micron will hold 51% control
over the joint venture with Intel on the balance. The new company will develop and produce flash memory technologies based on designs by Intel. The two companies said that each have agreed to also invest a combined total of $1.4B over the next three years. With consumer electronics sky rocketing in sales and mainstream acceptance, flash memory continues to be a strong cash cow for many companies.
So far Intel has paid over $1.96B in cash to the project, which will be located at Micron's own production and development facilities in Boise, Idaho, Manassas, Va. and Lehi, Utah.
This article is over a month old, voting and posting comments is disabled
2/28/2006 2:19:06 AM
Wow....all that money being invested into an American company using facilities on American soil?? Unheard of!!
I rarely say this, but props to Intel.
2/27/2006 8:28:51 PM
All the money they waste, they should just give it to me.
2/27/2006 9:39:50 PM
It is not gonna happen :-) But the money they wasted could save you a few bucks next time when you buy a flash device
"Intel is investing heavily (think gazillions of dollars and bazillions of engineering man hours) in resources to create an Intel host controllers spec in order to speed time to market of the USB 3.0 technology." -- Intel blogger Nick Knupffer
Tech's Tax Day Fortunate Few: Qualcomm, Xerox, GE, et al. Pay Little or No Taxes
April 15, 2015, 11:30 AM
LinkNYC Terminals to Blanket New York City With Free WiFi, Free Calls, and Ads
November 17, 2014, 6:50 PM
Microsoft is Open-Sourcing Most of .NET, Adding OS X and Linux Support
November 12, 2014, 8:27 PM
Home Depot Lost 53 Million Emails, Blames Windows, Buys Execs New Macs
November 9, 2014, 5:00 PM
Former NSA Lawyer: If Google, Apple Encrypt User Data, They’ll Wither on the Vine Like Blackberry
November 6, 2014, 12:15 PM
Report: AT&T Eyeing $40B DirecTV Purchase
May 1, 2014, 8:00 AM
Most Popular Articles
Raytheon $1.9 Billion Purchase of Websense Raises Tough Questions
April 20, 2015, 1:57 PM
HBO to VPN HBO Now Users: Prove You Live in U.S. or We Will Terminate You
April 21, 2015, 12:17 PM
After Record-Setting Week, Samsung Predicts 70 Million GS6/GS6 Edge Sales
April 17, 2015, 8:39 PM
AMD CEO: Windows 10 Will Launch at "The End of July"
April 20, 2015, 7:24 PM
Quick Note: Lady Macbath -- One Japanese Woman's Apple Themed Revenge
April 23, 2015, 11:47 AM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information