Home Technology News Today Intel Receiving $1.3B From Micron for IM Flash Stake

Intel Receiving $1.3B From Micron for IM Flash Stake

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The Intel-Micron divorce within the wake of the previous’s exit from the joint Im Flash enterprise has taken some unusual turns. However, it appears that evidently Micron is seeking to take all the enterprise out of Intel’s fingers and maintain the manufacturing capability that was collectively developed and invested in all for themselves, providing Intel anyplace from $1.3B to $1.5B for his or her stake on the enterprise – together with related debt of the IMF enterprise to Intel, which quantities to a cool $1B of that quantity. This implies that Intel’s stake within the enterprise is being valued at $300 to $500 million.

The solely remaining manufacturing facility that’s being operated by each events is situated in Lehi, Utah, and completely fabricates 3D XPoint reminiscence, which has solely been turned to a client {and professional} product by Intel. The acquisition from Micron means they will have to satisfy Intel’s 3D XPoint orders till 2020, and that they’re going to be investing on the manufacturing facility’s capability to provide 2nd era 3D XPoint for their very own product portfolio, in addition to post-3D XPoint applied sciences.



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