by Anton Shilov
09/25/2003 | 04:16 AM
Micron Technology and Intel Corporation announced today that Intel Capital invested $450 million in Micron in exchange for rights to common stock representing approximately 5.3% of Micron’s outstanding common stock.
<%BANNER[article]%>Micron will use the proceeds primarily to support its investments in 300mm manufacturing technology and increase its DDR-II memory production. The companies also announced plans to collaborate on the design for future generations of memory technologies.
Intel specifically noticed that it is tremendously interested in the rapid ramp of DDR-II SDRAM memory as well as future memory chips for its next-generation PC and communications applications. Earlier this year Intel invested $100 million in Japanese Elpida Memory because of the same reason (see