Micron has officially announced that it is abandoning its Xpoint 3D manufacturing plant (pronounced Cross Point) and selling the plant to Texas Instruments (TI). The announcement comes a month after the company announced it would cease production of the memory and, according to its official press release, TM agreed to take the plant out of Micron’s hands to the tune of $ 1.5 billion. dollars (~ RM 6.25 billion).
The payment for the Xpoint 3D installation will be split into two parts: Micron says TI will pay $ 900 (~ RM3.75 billion) in cash through a sell transaction, while the remaining $ 600 million (~ 2, RM 5 billion) will come from the sale of selected tools and other assets. Micron also said that while some assets will be sold, it will keep the rest of the tools and redeploy them to other manufacturing sites or even sell them at a later date. Depending on his situation at the time.
Micron’s Xpoint 3D memory technology first appeared in 2015 when it partnered with Intel. One of the goals of the partnership was to create memory technology that would be significantly faster than NAND; Intel’s line of Optane memories was born out of collaboration and served as a poster model for the technology over the following years.
However, despite launching a handful of Optane products with 3D Xpoint technology, it barely gained traction and in 2018 Intel ended its partnership. As for Micron, the company has since focused on providing memory solutions for data centers.
(Source: Micron, Techspot)