Micron has agreed to acquire rival chipmaker Numonyx in an all-stock deal.
The company will partner with Intel and STMicroelectronics to issue Micron shares worth US$1.27bn (A$1.42m) to Numonyx shareholders. Intel and STMicroelectronics will also receive Micron shares as part of the deal.
Micron said that it hopes to strengthen its position in the Flash memory market, particularly in the DRAM, NOR and Nand spaces.
The deal could also give Micron a foothold in emerging memory markets, as Numonyx has been involved in the development of technologies such as phase-change memory
"Acquiring Numonyx brings together two memory leaders, and positions Micron to offer the most comprehensive, cost-competitive solutions in the industry to a broad range of customers and end-markets," said Micron chairman and chief executive Steve Appleton.
The company hopes to complete the transaction by the end of the summer.
Micron to acquire Numonyx for US$1.27bn
By
Shaun Nichols
on Feb 12, 2010 7:28AM

Got a news tip for our journalists? Share it with us anonymously here.
Partner Content

How NinjaOne Is Supporting The Channel As It Builds An Innovative Global Partner Program

Secure, integrated platforms enable MSPs to focus bringing powerful solutions to customers
Ingram Micro Ushers in the Age of Ultra

Kaseya Dattocon APAC 2024 is Back

Build cybersecurity capability with award winning Fortinet training from Ingram Micro
Sponsored Whitepapers
_page-0001.jpg&w=100&c=1&s=0)
F5’s 2025 Report: Unlocking AI Success by Conquering App & API Complexity

Driving Innovation and Sustainability through Hybrid IT and AI Solutions

Easing the burden of Microsoft CSP management
-1.jpg&w=100&c=1&s=0)
Stop Fraud Before It Starts: A Must-Read Guide for Safer Customer Communications

The Cybersecurity Playbook for Partners in Asia Pacific and Japan