Feeds

Intel and Micron form Flash firm

Chip JV to punch out product for Apple

Boost IT visibility and business value

Intel and Micron are to form a third company to make NAND Flash memory chips, the two companies announced today, almost as soon as Apple said it was paying $1.25bn to secure Flash supplies through 2010.

Apple's largesse will be spread among five chip makers - Intel, Micron, Samsung, Toshiba and Hynix. Apple didn't say how the money would be shared out, but Intel and Micron have since said they're getting $250m each.

The $500m will, in part, go into the formation of their joint venture, IM Flash Technologies, which will "exclusively manufacture product for Micron and Intel". The partners said a "significant portion" of each of their shares of IM's output will be delivered to Apple.

Shareholders and regulators have to approve the deal, of course, but if they do it will become a legal entity by the end of the year. Intel and Micro will both put up $1.2bn in "cash, notes and assets" for IM, and then both contribute a further $1.4bn over the next three years and "make additional investments as appropriate to support the growth of the operation".

IM will be 51 per cent owned by Micron and 49 per cent owned by Intel. It will begin production in Boise, Idaho, Micron's home town, though plants in Manassa, Virginia and Lehi, Utah will also be among IM's first fabs.

Micron and Intel said IM will "aggressively" convert to its parents' 72nm and 50nm fabrication technology. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
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.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.