Intel has invested $450m in memory chip maker Micron Technology with the aim of developing next-generation chips that work with future Intel products.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
The investment by Intel's strategic investment programme, Intel Capital, gives it a 5.3% share in Micron.
"As we continue to develop high-speed, high-performance microprocessor and communications products, we feel it is very important for us that memory suppliers have the products in place to complement our products," said Intel spokesman Chuck Mulloy.
Micron will use the money to invest in 300mm manufacturing technology and increase its production of DDR2 products. DDR2 is the next generation of DDR (double data rate) SDRAM (synchronous dynamic RAM) products, which promises increased capability, speed and data throughput.
Yesterday's investment in Micron follows investments by Intel totalling $123m earlier this year in Japanese DRAM manufacturer Elpida Memory. Intel has also invested in Germany's Infineon Technolgies.
Intel invested $500m in Micron in 1998, but later sold the equity it had bought.
Joris Evers writes for IDG News Service