Intel won't spin-off flash memory business

Posted on Thursday, May 25 2006 @ 21:25 CEST by Thomas De Maesschalck
Intel's CEO Paul Otellini says the company is currently not thinking about spinning off its memory chip business:
"What we are thinking about is simply allowing the memory factory team to work much more tightly aligned with the design team," he elaborated.

Otellini is engaged in a review of Intel's operations, especially after last week its world crumbled when favourite customer Dell became so alarmed while gazing at its own bottom line it decided to allow a few AMD Opteron chips onto its virtual pages.

Intel's flash memory operation is believed to have lost more than $450 million over the last three years.
More info over at The Inquirer.

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