Intel hopes for SSD boost in memory asset sale to Micron

Intel is selling its stake in two wafer factories to its joint-venture partner

Micron Technology has bought out Intel's stake in two wafer factories that are part of a NAND joint venture between the two companies in a move they said will expand the supply of flash memory.

Intel has sold its stake the factories in Singapore and Manassas, Virginia, to Micron for about US$600 million. Intel will receive half the amount in cash, while the rest will be deposited with Micron and be applied toward future purchases.

The deal liquidates Intel's share in IM Flash Singapore, which was one of the two memory joint ventures with Micron. Intel's stake in the other joint venture, IM Flash Technologies, will remain at 49 percent, while Micron will retain 51 percent. IMFT was established in early 2006.

Micron will supply NAND chips to Intel as part of the deal. Intel sells solid-state drives and also uses flash memory in servers and consumer-related products.

Intel will retain its share in a plant in Lehi, Utah, which is part of the IMFT joint venture. The facility produces the 20-nanometer NAND flash memory, and Intel and Micron last year announced mass production of 64Gb NAND flash using the advanced process. The companies also showed off a 128Gb chip that can store 1 terabit of data in a fingertip-sized package.

In addition to NAND flash, Micron also makes DRAM and NOR flash. Micron was the third-largest NAND flash maker behind Samsung and Toshiba at the end of 2011, according to market research firm IHS iSuppli.

It's been a busy month for Micron. The company in early February appointed Mark Durcan as CEO, quickly replacing former CEO Steve Appleton who died in a plane crash. The company also tried to differentiate itself in the struggling DRAM market by launching low-power 2Gb and 4Gb DDR memory modules for ultrabooks.

The sale of the wafer factories is expected to close in the first half of this year, the companies said.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?