“The creation of this new company supports Intel’s intent to maintain its industry-leading position in nonvolatile memory and enables us to rapidly enter a fast-growing portion of the flash market segment,” said Paul Otellini, Intel president and CEO. “We are looking forward to working with Micron, and are extremely pleased to have Apple broaden its relationship with us.”
The company, though jointly crafted, will be under control of Micron with a 51% stake, both companies contributing multiple billions of dollars. Flash is quickly becoming the fastest growing portion of the computing industry, and supposedly we will see advancements towards 72 and even 50nm process for flash in the future.
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