Micron is to buy Intel’s share of their 12 year-old flash jv IM Flash Technologies. Micron will pay $1.5 billion for the stake and will assume responsibility for $1billion debt owed by Intel to the jv. Each company originally put in about $1.2 billion to found the jv in 2006. “Micron’s acquisition of IM Flash ...
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from Electronics Weekly https://www.electronicsweekly.com/news/business/micron-buy-intels-share-flash-jv-2018-10/
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