Intel bungs Micron $450Million to boost DDR2

INTEL CAPITAL today announced it has invested $450 million in memory company Micron. The deal will hand Intel around 5.3 per cent of Micron's outstanding common stock, according to a joint statement.

Micron said it will use the proceeds primarily to support its investments in 300mm manufacturing technology and increase its DDR2 memory production.

Intel Capital generally takes a slice upstart companies that produce technologies complementary to upcoming future Intel products. It will also flash the cash to prop up its mates, in order to keep them and their technologies on track.

In this case, "The availability of high-performance memory is critical as we continue to develop advanced microprocessors and communications components," Intel CEO Craig Barrett revealed. He adds, in the statement: "Intel is making this investment in Micron to help enable such high-end memory capabilities as DDR2 to meet the requirements of our future-generation products."

The companies also announced plans to collaborate on the design of these future memory technologies, they said. µ

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