In a move that underscores the growing importance of flash memory chips as consumer electronics devices continue to shrink in size, Intel and Micron Technology announced a joint venture that will create flash chips for the likes of Apple and others. The two chip makers will contribute up to US$5.2 billion over time to the venture, with each contributing $1.2 billion to start the venture and possible additional investments of $1.4 billion each as needed to grow the operation, which will be 51 percent owned by Micron and 49 percent by Intel.
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Intel, Micron Partner to Provide, Apple, Others With Flash Chips
Posted by: Keith Regan November 21, 2005 01:26 PMIn a move that underscores the growing importance of flash memory chips as consumer electronics devices continue to shrink in size, Intel and Micron Technology announced a joint venture that will create flash chips for the likes of Apple and others. The two chip makers will contribute up to US$5.2 billion over time to the venture, with each contributing $1.2 billion to start the venture and possible additional investments of $1.4 billion each as needed to grow the operation, which will be 51 percent owned by Micron and 49 percent by Intel.