Micron intents to acquire remaining interests in Intel-Micron NAND/3D Xpoint memory joint venture

Originally published at: https://www.myce.com/news/micron-intents-to-acquire-remaining-interests-in-intel-micron-nand-3d-xpoint-memory-joint-venture-85312/

Micron has announced its intent to acquire the remainder of shares in the IM Flash Technologies joint venture. The IM Flash joint venture started in 2006 and is a cooperation between Intel and Micron in which both companies develop and produce NAND flash and 3D Xpoint memory. Micron expects to pay approximately $1.5 billion in cash.