Intel has its interest in the joint venture with Micron, the joint venture IMFT, was reduced by approximately $ 600 million. This gives Intel its interest in two manufacturing facilities, but it retains the most modern facility.
The joint venture between Intel and Micron in 2006 it was set up and resulted in flashgeheugenproducent Intel-Micron Flash Technologies, or IMFT. Together ran both companies, three production facilities for flash memory for use in solid state drives and other storage products. Intel has announced the agreement to restructure its interest in two factories to Micron to sell. This would be approximately 600 million, of which half is paid in cash and the other half in nand chips.
The factories in Singapore and Virginia, which will be fully owned by Micron; it is only the manufacturing facility in Utah will by Intel and Micron remain shared. The production of the Utah-fab will for 51 percent to Microns, while 49 percent of nand production for Intel. Only the Utah plant to keep, ensure Intel is only the latest production techniques and ditto flash memory. In Utah is becoming the latest process used for the production of chips.
Intel’s solid state drives can, under the revised cooperation is always about the most modern nand chips, while Micron production capacity can expand. For example, the company not only for itself and its consumer brand Crucial enough chips, but also as an oem for third party service.