Intel invests $450M in memory maker Micron

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Intel invests $450M in memory maker Micron

Intel Corp. invested US$450 million in Micron Technology Inc. and said it would team with the memory chip maker to develop next-generation chips that work with future Intel products. “The investment by Intel’s strategic investment program Intel Capital gives the Santa Clara, California, chip giant a 5.3 percent share in Micron, of Boise, Idaho, the companies said in a joint statement Wednesday.”

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