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Seagate Ready to Acquire NAND Source IM Flash Technologies From Intel
Industry insiders are talking about what move Seagate Technology, the world's largest and most successful disk drive maker, is going to make to get into a better position in the NAND flash market. Analyst Daniel Amir of financial advisory/asset management firm Lazard Ltd. put out a mergers-and-acquisition research note June 19 speculating that Seagate Technology may buy out Intel Corp.'s 49 percent interest—worth anywhere from $1 billion to $2 billion -- in its IM Flash Technologies flash memory joint venture with Micron Technology.
The IM Flash project has made news lately. This month, the IM Flash project started shipping a 34-nanometer, 32-gigabit NAND flash memory chip, the world's smallest and densest yet. Four months ago, the project announced a new high-speed NAND flash memory chip based on 8GB memory that they said has data speeds of up to five times faster than conventional NAND.
Posted by | Mon, Jun 23, 2008 - 08:47 AM
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