Intel invests in Micron

September 24, 2003 – The investment arm of Intel Corp., Santa Clara, CA, has offered $450 million to Micron Technology Inc., Boise, ID, in exchange for rights to 5.3% of Micron’s outstanding common stock.

Micron will use the proceeds to support development of 300mm technology and increase production of its DDR2 memory. The companies also plan to collaborate on the design of future memory products.


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