Intel and Micron have long partnered on NAND flash production, under the joint company Intel Micron Flash Technologies (IMFT.) Previously, the companies had enjoyed a half-and-half split, but the announcement of Intel’s withdrawal from manufacturing leaves Micron holding a far bigger slice of the pie.

Under the terms of the revised agreement, Intel is to peddle its shares in twain wafer factories to Micron for $600 million. Half of that will be provided to Intel in the compose of bloodless tough cash, while the remaining $300 million is to be left in Micron’s hands as an proceed deposit on Intel’s future NAND flash purchases.

It’s clear to see where Intel is going here: it’s looking to decrease its exposure in the NAND flash market while still ensuring it has an adequate supply of cutting-edge chips for its undertaking and consumer grade solid-state hobble (SSD) products.

Micron, meanwhile, gets a near-guarantee of $300 million of future commerce as well as sole control of the Intel Micron Flash Singapore and Intel Micron Flash Technologies US assets. The jointly-owned manufacturing plant in Utah, meanwhile, will remain as-is with minimal changes to its ongoing production of 20nm-based NAND flash products.

‘Micron’s joint venture NAND development efforts with Intel are a mannequin of innovation, productivity and effectiveness,’ claimed Micron’s chief executive Mark Durcan. ‘With IM Flash and its associated programs, our companies have become leaders in the NAND flash arena. These modern agreements construct on that success.’

‘The Intel-Micron partnership has created industry-leading NAND flash memory technology and developed a robust global manufacturing network. The modern NAND flash supply accord with Micron gives Intel better flexibility to meet growing beseech for SSDs and other products,’ claimed Robert Crooke, general manager of the Non-Volatile Memory Solutions Group at Intel.