Posted on Tuesday, January 15 2019 @ 9:47 CET by Thomas De Maesschalck
As expected, Micron is exercising its option to buyout Intel from the IM Flash joint-venture. The move will give Micron full control over the 3D XPoint technology, or at least until Intel has its own 3D XPoint manufacturing capacity up and running. Intel held a 49 percent stake in the joint-venture and will continue to buy 3D XPoint chips from Micron for its Optane products until it has in-house production.
That move will "enable Micron to accelerate our R&D and optimize our manufacturing plan for 3D XPoint,” says CEO/President Sanjay Mehrotra.
At closing, the date of which will be chosen by Intel, Micron will pay about $1.5B in cash. That will end Intel's interest and eliminate IM Flash member debt on Micron's balance sheet ($1B as of Nov. 29).
Via: Seeking Alpha
