Intel (INTC +1.2%) and Micron (MU +4.6%) will expand their NAND Flash memory JV relationship to...

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC +1.2%) and Micron (MU +4.6%) will expand their NAND Flash memory JV relationship to improve the venture's efficiency and flexibility; Micron will supply NAND products to Intel while Intel will sell its stake in two wafer factories for ~$600M. The chipmakers also will extend their NAND development program, expanding it to include emerging memory technologies.