Intel invests $450M in memory maker Micron

Intel Corp. invested US$450 million in Micron Technology Inc. and said it would team with the memory chip maker to develop next-generation chips that work with future Intel products.

The investment by Intel's strategic investment program Intel Capital gives the Santa Clara, California, chip giant a 5.3 percent share in Micron, of Boise, Idaho, the companies said in a joint statement Wednesday.

"As we continue to develop high speed, high performance microprocessor and communications products, we feel it is very important for us that memory suppliers have the products in place to complement our products," Intel spokesman Chuck Mulloy said.

Micron plans to use the money to invest in 300 millimeter manufacturing technology and increase its production of DDR2 products, according to the statement. DDR2 is the next generation of DDR (double data rate) SDRAM (synchronous DRAM) products that promises increased capability, speed and data throughput.

Wednesday's investment in Micron follows investments by Intel totaling $123 million earlier this year in Japanese DRAM (dynamic RAM) manufacturer Elpida Memory Inc. Intel has also invested in Germany's Infineon Technolgies AG.

In 1998 Intel invested $500 million in Micron, but later sold the equity it had bought, Mulloy said.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joris Evers

IDG News Service
Show Comments

Father’s Day Gift Guide

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?