Friday, October 19, 2018

Intel Sells Rest Of JV To Micron

Santa Clara-based Intel has sold the rest of a flash memory joint venture it had set up in 2006 with Micron. Micron said Thursday that it is buying the rest of IM Flash Technologies in a deal worth $1.5 billion in cash plus assumption of about $1 billion in debt. IM Flash makes flash used in high end data center computers.