0
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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Intel
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

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

Published 15 Jan 2019 10:18 CET | World
Micron said it was exercising its right to buy Intel's stake in the companies' IM Flash Technologies joint venture. The company ...

Micron intros 1TB automotive, industrial grade PCIe NVMe flash storage

Published 08 Jan 2019 06:03 CET | World
Micron Technology introduced what it calls the industry's first 1TB automotive and industrial grade PCIe NVMe solid state drive ...

Micron joins CERN openlab

Published 13 Nov 2018 09:07 CET | Europe
Micron Technology joined the European Organization for Nuclear Research's CERN openlab, a public-private partnership, by signing ...

Intel hits new revenue, profit highs in Q3, lifts FY guidance again

Published 26 Oct 2018 15:56 CET | World
Intel said it will again lift its full year revenue and profit outlook after hitting new records in the third quarter. CEO Bob ...

Micron, Intel to develop next generation for 3D XPoint

Published 17 Jul 2018 08:56 CET | World
Micron and Intel said they have updated their 3D XPoint joint development partnership, and will now jointly develop the second ...





Calendar   /   Industry Events

25 Jul Fiber Connect
26 Jul Orange Belgium Q2 2021
26 Jul Logitech fiscal Q1
26 Jul Calix Q2
26 Jul F5 fiscal Q3
27 Jul Alphabet Q2
27 Jul AudioCodes Q2 2021
27 Jul SK Hynix Q2
27 Jul A10 Networks Q2
27 Jul Corning Q2
27 Jul MediaTek Q2 2021
27 Jul NortonLifeLock fiscal Q1
27 Jul Microsoft fiscal Q4
27 Jul TIM Brasil Q2 2021
27 Jul KPN Q2 2021
27 Jul Juniper Networks Q2 2021
27 Jul Telefonica Brasil Q2 2021
27 Jul TIM Q2 2021
28 Jul Spotify Q2 2021
28 Jul Cirrus Logic Q1
28 Jul Telefonica Deutschland Q2 2021
28 Jul Ribbon Communications Q2 2021
28 Jul Altice USA Q2
28 Jul Qualcomm fiscal Q3
28 Jul Ooredoo Q2 2021
28 Jul Facebook Q2
28 Jul Equinix Q2
28 Jul Extreme Networks fiscal Q4
29 Jul Telenet Q2 2021
29 Jul BT fiscal Q1
::: More Calendar Items