Micron Technology Inc. and Intel Corp. plan to shut down their joint production of NAND flash memory from a plant in Boise, Idaho, and Micron plans to lay off about 15% of its workforce in another sign that the economic meltdown is taking its toll on some tech companies.
The moves are a result of a combination of lowered customer demand and product oversupply in the market, Micron said in a statement.
Intel and Micron, through their IM Flash Technologies joint venture, were supplying NAND flash memory from Micron's Boise facility. The shutdown will reduce the joint venture's NAND flash production by about 35,000 wafers per month, in the factory using 200-millimeter manufacturing lines per month. IM Flash Technologies also has a facility in Lehi, Utah, which has 300mm manufacturing lines.
clipped from www.computerworld.com
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