Feeds

Intel stakes Micron for $500 million

Which means the Korean DRAM chaebols are toast, right?

  • alert
  • submit to reddit

Top 10 endpoint backup mistakes

Intel has bought a $500 million stake in Micron Technology, the company which, after its takeover of TI's memory operations earlier this year, is the flagship of the US DRAM business. The Intel investment represents approximately 6 per cent of Micron's stock. According to Intel, the investment is part of the company's strategy "to support the development and supply of next generation memory products and to help drive PC industry growth by accelerating the development of Direct RDRAM," Rabus' high speed memory technology. The investment will also however help Micron out - the DRAM company claims that it will have no digestion problems in assimilating TI's meory operations, but with its old enemies from Korea facing serious financial difficulties, Micron has a golden opportunity to go onto the attack, provided it has the money to do so. As Intel says: "By providing additional financial resources, the investment by Intel should enhance Micron's competitive position in the DRAM industry." Quite. according to Micron president Steve Appleton the company will have Direct RDRAM products on the market by Q3 99. Significantly Intel president Craig Barrett says that the investment will ensure "an adequate supply of memory components, particularly RDRAM." Barrett's trips to Korea earlier this year were claimed by the various warring camps among the Korean chaebols as being a prelude to investment in Samsung or LG, but the truth may be that he was looking for an advantageous deal with a stable source of memory, and that after a look at seoul's finest, he's plumped for the US of A instead. ® Click for more stories

A new approach to endpoint data protection

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?