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General

Micron to buy out Intel stake in IM Flash jv for USD 1.5 bln

Friday 19 October 2018 | 10:01 CET | News
Micron said it intends to buy Intel's share in the companies' IM Flash Technologies joint venture, for an expected USD 1.5 billion in cash. The money will dissolve Intel's non-controlling stake and any IM Flash member debt, at about USD 1 billion at end August. Micron can exercise a call option starting from January, with the transaction then expected to close 6-12 months after that.

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Categories: General
Companies: Intel
Countries: World
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