Memory vendor to eliminate 3,375 jobs, reduce output of JV with Intel SAN FRANCISO— Micron Technology Inc. will cut its workforce by about 15 percent and reduce the output of its NAND flash joint venture with Intel Corp. as part of a restructuring of semiconductor memory operations, the company said Thursday (Oct. 9). IM Flash Technologies (IMFT), the Micron-Intel joint venture, will halt 200-mm production at Micron's Boise, Idaho facility, the company said. The shutdown will reduce IMFT's NAND flash production by approximately 35,000 200-mm wafers per month, Micron said. IMFT will continue to produce NAND at its 300-mm fab in Lehi, Utah. Micron (Boise) blamed the moves on a lingering memory downturn caused by declining demand and product oversupply. The company said NAND average selling prices (ASPs) have fallen...
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