Micron (MU - Free Report) and Intel (INTC - Free Report) took forward their long-standing relationship by updating the terms of their 3D XPoint joint development partnership formed in July 2015. The alliance resulted in the development of non-volatile memory that was “1000X faster” and more reliable/endurable than NAND.
The updated technology will meet the growing demand for personal storage and also cater to the media and entertainment market.
The companies noted that they will jointly develop the second generation 3D XPoint technology by first-half of 2019 at the Intel-Micron Flash Technologies (IMFT) facility in Lehi, UT.
Notably, this partnership will be terminated after the companies develop their second generation 3D XPoint. Intel and Micron will develop technology independently thereafter, enabling them to tailor products per their business needs.
Zacks Names "Single Best Pick to Double"
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Micron (MU - Free Report) and Intel (INTC - Free Report) took forward their long-standing relationship by updating the terms of their 3D XPoint joint development partnership formed in July 2015. The alliance resulted in the development of non-volatile memory that was “1000X faster” and more reliable/endurable than NAND.
The updated technology will meet the growing demand for personal storage and also cater to the media and entertainment market.
The companies noted that they will jointly develop the second generation 3D XPoint technology by first-half of 2019 at the Intel-Micron Flash Technologies (IMFT) facility in Lehi, UT.
Notably, this partnership will be terminated after the companies develop their second generation 3D XPoint. Intel and Micron will develop technology independently thereafter, enabling them to tailor products per their business needs.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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