The long-term partnership between Intel and Micron in the development and production of non-volatile memories ends in the fall. Micron will buy Intel's stake in the IM Flash Technologies joint venture for $ 1.3-1.5 billion. The transaction is expected to be completed by October 31, 2019. The announced amount includes the $ 1 billion joint venture with Intel, from which it can be concluded that the blue chip manufacturer's current contribution to IMFT is estimated at 300-500 million dollars.
Already in January 2018, the companies announced that they would continue to develop separately from one another. Currently, the joint management of both companies is the only company to produce non-volatile 3D XPoint memory in Lehi, Utah. Micron will have to meet Intel orders for 3D XPoints until 2020. Furthermore, all development costs and the construction of new production facilities for the release of second-generation 3D XPoints fall completely on Micron's shoulders.
We recall that Intel is the only vendor on the market whose portfolio contains products based on 3D XPoint memory. Analysts predict that their Micron products based on this type of memory could come out next year. Note that the Micron QuantX brand was introduced in 2016, but units with this brand have not yet been released.
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