Sales came in at $888.5 million, up 18.8 per cent on the year. Operating losses were $105.6 million, compared to $467.6 million last year, while net losses were $123.2 million, compared to last year’s $586.5 million.
Intel Corp [INTC] has made a $450 million equity investment in the company. Intel received rights to common stock representing 5.3 per cent of Micron.
Micron said it would use the proceeds mainly to support its 300mm manufacturing technology, and to increase its DDR2 memory production. The companies will also cooperate on future generations of memory technology.
This article was based on material originally published by ComputerWire
