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Weak Demand Delays Intel/Micron JV Chip Start

Written by Kathy Nargi-Toth
Monday, 05 May 2008
SINGAPORE – IM Flash Technologies LLC, the Intel and Micron joint venture, will delay the start of production at its Singapore wafer fabrication plant till mid-2009, citing weak market conditions. The company had planned a December start for NAND flash memory chip production. Research firm iSuppli estimates that average prices of NAND chips have dropped by 36% in Q1 2008, and are expected to fall an additional 13% in Q2. It predicts that NAND prices could stabilize by mid-year. The electronics sector in Singapore has been impacted by the move of companies to cheaper manufacturing locations like China and Vietnam.

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