Micron and Intel joint venture to set up a company to pay apple

, despite the use of Micron did buy a NAND flash technology to modify the rights, but IM for Intel and Micron manufacturing is the use of Intel flash design, this is a date for January 10, 2006 disclosed to the U.S. Securities and Exchange Commission submitted documents.

Micron and Intel joint venture transaction was completed in January 6, 2006, in which Micron holds 51% of the shares, Intel holds 49% of the shares. IM will be only for Micron and Intel production of flash memory chips, two companies will each inject about $1 billion 200 million in cash and assets in IM. Two companies also agreed to inject $1 billion 400 million in assets over the next 3 years to IM to support the growth of IM services.

IM will be located in Boise, Idaho, Manassas, Utah, Virginia, Lehi in the Micron chip factory production of flash memory chips. Intel, Micron has reached an agreement with apple to provide flash memory chips, as part of the agreement, apple agreed to pay $250 million to Intel and Micron.

10-Q documents show that Intel has invested $1 billion 196 million in IM, Micron has $995 million in the second quarter of 2006, and plans to inject $250 million. The document also pointed out that in the joint venture transaction at the same time, Micron NAND flash memory chip design technology and the existing sales to Intel for $270 million, and the acquisition of permanent license to use or modify these designs. Micron can also continue to develop flash technology.