Feeds

Intel and Micron form Flash firm

Chip JV to punch out product for Apple

Eight steps to building an HP BladeSystem

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. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.