Shares of Micron Technology (MU) and Intel (INTC) are both lower this morning, after the companies said they will part ways in developing NAND flash memory chips after the current generation, in what Micron described as " forging our own paths."
The announcement comes ahead of a keynote address this evening at the Consumer Electronics Show in Las Vegas by Intel chief executive Brian Krzanich.
Micron shares are down 51 cents, or 1%, at $45.29, while Intel shares are down 72 cents, or 1.6%, at $44.02.
In recent years, flash memory has become a more and more meaningful part of Intel's business, helping it to diversify away from microprocessor. Intel funds some of the development costs, and shares in the proceeds of Micron's NAND sales. The two have come up with special sorts of solid-state products, such as " Optane," what had formerly been called " 3D Xpoint," a form of non-volatile memory that straddles the line between DRAM and flash.
Micron said the upcoming third generation of 3-D NAND chips will be the last co-develoepd by the duo.
The companies have agreed to complete development of their third generation of 3D NAND technology, which will be delivered toward the end of this year and extending into early 2019. Beyond that technology node, both companies will develop 3D NAND independently in order to better optimize the technology and products for their individual business needs.
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