DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!
   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
January 29, 2020 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 380 people online.

 

Latest Reviews
Ewin Racing Flash gaming chair
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
 

Follow us
RSS
 

Intel fetches up to $1.5 billion for its IM Flash stake

Posted on Friday, May 10 2019 @ 10:47:35 CEST by


INTC logo
A new corporate filing from Micron reveals the memory maker will pay Intel between $1.3 billion and $1.5 billion for the chip giant's stake in the IM Flash joint-venture. The deal is expected to close by the end of October. Micron already owns 51 percent of the joint-venture and will receive full ownership over the Lehi, Utah that makes 3D XPoint memory.
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



 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2019 DM Media Group bvba