updated 04:30 pm EST, Tue February 28, 2012
Intel offloads plants, Micron to supply Intel NAND
Intel and Micron have enhanced their flash-memory chip joint venture. Intel has agreed to sell to Micron its holdings in two memory wafer production facilities for $600 million. In return, Micron will become Intel's supplier of NAND memory chips.
The expansion is a progression of a relationship that the two companies have had over several years. In December, they jointly announced the development of a 128GB NAND flash chip based on 20nm production technology. The chip, to be commercially available in the first half of this year, could be used in solid-state drives, smartphones and tablets. Intel and Micron are currently shipping a 64GB version of the flash memory.
The two companies expect to close the expanded joint venture deal in the second quarter of this year. Micron, in addition to selling memory to OEMs, also sells memory products to end consumers under the Crucial and Lexar brands. [via The Wall Street Journal (subscription required)]