Micron Technology has bought out Intel's stake in two wafer factories that are part of a NAND joint venture between the two companies in a move they said will expand the supply of flash memory.
Intel has sold its stake the factories in Singapore and Manassas, Virginia, to Micron for about $600 million. Intel will receive half the amount in cash, while the rest will be deposited with Micron and be applied toward future purchases.
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