Zenphic
03-10-2006, 05:47 PM
Source: http://www.betanews.com/article/Micron_Picks_Up_Lexar_for_680_Million/1141940572
Micron Picks Up Lexar for $680 Million
By BetaNews Staff, BetaNews
March 9, 2006, 4:42 PM
Computer memory manufacturer Micron said on Thursday it will acquire Lexar Media in a deal valued at $680 million. The purchase will expand Micron's reach into the consumer space, where flash memory has become a staple in electronics such as digital cameras and portable media players.
The move is the second major effort by Micron to cross-over from a largely business background; in November, the company created a joint venture with Intel to build NAND memory chips and signed Apple as a customer shortly thereafter. Lexar has been struggling to compete with SanDisk, and the acquisition by Micron will give the company much-needed direct access to memory chips.
Read the corporate statement here: http://www.micron.com/news/corporate/2006-03-08_micron_lexar.html
Cool, what a coincedence, my dad had bought a Lexar flash card and I bought a Crucial (part of Micron) flash card yesterday :)
Micron Picks Up Lexar for $680 Million
By BetaNews Staff, BetaNews
March 9, 2006, 4:42 PM
Computer memory manufacturer Micron said on Thursday it will acquire Lexar Media in a deal valued at $680 million. The purchase will expand Micron's reach into the consumer space, where flash memory has become a staple in electronics such as digital cameras and portable media players.
The move is the second major effort by Micron to cross-over from a largely business background; in November, the company created a joint venture with Intel to build NAND memory chips and signed Apple as a customer shortly thereafter. Lexar has been struggling to compete with SanDisk, and the acquisition by Micron will give the company much-needed direct access to memory chips.
Read the corporate statement here: http://www.micron.com/news/corporate/2006-03-08_micron_lexar.html
Cool, what a coincedence, my dad had bought a Lexar flash card and I bought a Crucial (part of Micron) flash card yesterday :)