Financially, most of the $1.3 billion plus price tag for Intel's stake is not for the business itself, but is for the IMFT member debt owed to Intel ($1 billion as of February 28, 2019), which means the business is only being valued at around $300 million to $500 million. Meanwhile, along with acquiring complete ownership of IMFT once the deal closes, Micron reports that the company will also recognize a financial gain of about $100 million.Intel is working on its own 3D XPoint memory production capacity, so it will not have to rely on Micron. This will take some time so Intel will continue to buy 3D XPoint chips from Micron until at least mid-2020.
Via: AnandTech