Apple lines up for Intel-Micron flash

Intel and Micron Technology are launching a joint venture to produce NAND flash memory, with Apple Computer prepaying $500 million to secure its place in line for the popular technology, the companies said Monday. (C|Net News.com) Intel will own 49 percent of the new company, IM Flash Technologies, with the remaining controlling stake held by Micron. Intel and Micron will each initially contribute $1.2 billion to building plants in Idaho, Utah and Virginia, with plans to add another $1.4 billion each over the next three years. The joint venture is expected to be finalized by the end of the year. Read more