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Micron to buy Intel out from manufacturing venture

By Peter Clarke , Oct. 30, 2018 – 

Micron said the acquisition would allow the company to research and develop manufacturing of 3D XPoint and emerging memory technologies independently.

The joint venture was founded in 2006 and was based on an original Micron shell at Lehi. IM Flash built a second 300mm wafer fab in Singapore that opened in April 2011. IM Flash Technologies pioneered NAND flash miniaturization before moving on to the production of phase-change memory production – so called 3D XPoint technology – for both parent companies. In July 2018, Micron and Intel announced they would cease joint development of 3D XPoint after the second generation was finalized in 1H19 (see Intel, Micron end collaboration on 3D XPoint NVM ).

Under an agreement with Intel, Micron can initiate the purchase on or after January 1, 2019 with a view to closing the deal within twelve months of the initiation.

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