IM Flash cuts NAND memory supply

JV says weak demand and falling prices is forcing it to restructure

By James Carbone -- Purchasing, 10/13/2008 2:56:00 PM

IM Flash Technologies (IMFT), a joint venture between Micron Technology and Intel Corp., will discontinue supplying NAND flash memory from Micron’s Boise, Idaho facility.

The NAND operation shutdown will reduce IMFT’s total NAND flash production by approximately 35,000 wafers (200mm) per month. Micron says weak NAND flash memory demand and falling prices is forcing the move. As part of a restructuring, Micron plans to reduce its global workforce by approximately 15% during the next two years. That’s about 2,800 employees.

The majority of the workforce reductions, which will begin with a voluntary program, will occur in Boise as a result of the NAND operation shutdown.

Also see: NAND flash production is sliding