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General

Micron exercises right to buy out Intel stake in IM Flash jv

Tuesday 15 January 2019 | 10:18 CET | News
Micron said it was exercising its right to buy Intel's stake in the companies' IM Flash Technologies joint venture. The company announced its intention to do so in October, for an expected USD 1.5 billion in cash. Micron CEO Sanjay Mehrotra said the deal will help the company accelerate its R&D and manufacturing plans for 3D XPoint.

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Categories: General
Companies: Intel
Countries: World
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