Micron Technology acquires Intel’s IM Flash Memory Technology business from the joint venture that both companies had previously established. In concrete terms, this acquisition means that Intel will cease all activities in this area.
Both parties had already decided at the end of last year to stop the joint venture for this innovative memory storage technology. It was agreed that Micron had the right to take over the rest of the shares under certain circumstances. This right would be exercised on 1 January of this year.
With the acquisition of all the activities of the joint venture, Micron intends to accelerate the development of IM Flash, also known as 3D XPoint technology, and to improve the manufacturing process for these applications.
IM Flash memory technology.
IM Flash or 3D XPoint memory technology is a technique that improves storage performance and reduces the cost of server memory. Intel uses this technology for its premium Optane SSD storage products, among other things.
In concrete terms, IM Flash is a kind of three-dimensional phase change memory, in which bits are stored by physical changes in a medium. This should combine the advantages of DRAMs, such as low latency, with the storage capacity of flash.
Final transaction still pending
The final transaction will take place between six and 12 months at a time chosen by Intel. Currently, Micron Technology will transfer 1.5 billion dollars to the chipset manufacturer. With this payment, the 1.5 billion dollars that is now on Micron’s negative balance sheet will also be deleted.
This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.
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