Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • Networking
    • Storage

    Intel, Micron Start to Flash Dance

    By
    Mark Hachman
    -
    November 21, 2005
    Share
    Facebook
    Twitter
    Linkedin

      Micron and Intel said Monday that they would form a new company dedicated to manufacturing NAND flash memory, of which a “significant portion” will be shipped to Apple Computer.

      The venture, which will be 51 percent owned by Micron Technology Inc., will be named IM Flash Technologies LLC. Micron will list IM Flash as a consolidated subsidiary, according to Micron spokesman Dan Francisco.

      Each company will initially contribute about $1.2 billion in cash and other assets to the venture, while adding at least $1.4 billion plus additional investments over the course of the next three years. The management team for the new company will be led by Intels Dave Baglee, who previously served as manager of Intel Corp.s Fab 11 in New Mexico, and Microns Rod Morgan, who most recently served as manager of Microns fabrication facility in Manassas, Va.

      /zimages/4/28571.gifClick here to read more about Intel investing $450 million in Micron.

      While Intel has traditionally designed and manufactured NOR flash for code storage in cell phones, PCs and other devices, the data storage that NAND flash enables has allowed that portion of the market to skyrocket. Revenue in the global NAND flash memory market rose to $2.97 billion in the third quarter, up 30.2 percent from $2.28 billion in the second quarter, iSuppli said in a recent report. In August the firm predicted that overall NAND flash demand would skyrocket 65 percent to $10.9 billion in 2007.

      In all, the NAND market has been driven by legions of small-form-factor flash cards used by digital cameras, in addition to newer products like the flash-based Apple Shuffle and now the Apple Nano. On Monday, Apple Computer said that it had signed deals with Hynix, Intel, Micron, Samsung Electronics and Toshiba to secure a steady supply of NAND flash memory through 2010, prepaying a total of $1.25 billion. According to Intel and Micron, prepayments to IM Flash were worth $250 million to each company.

      /zimages/4/28571.gifRead the full story on ExtremeTech: Intel, Micron Hold Hands And Enter Data Flash Mart

      Mark Hachman
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×