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Intel Expectations Lowered due to Flash Memory Prices |
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Written by Philip Buonpastore
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Wednesday, 05 March 2008 |
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SANTA
CLARA, CA - Intel expects lowered profits in the first quarter, as the company
sees falling flash memory prices.
The
company announced that it was reducing its expectations for gross margin by 2%,
due to lower than expected prices for NAND flash memory chips.
According to
reports, Intel will move out of the fluctuating flash memory market by
creating a joint
partnership with STMicroelectronics and technology investment group
Francisco
Partners. The company, called Numonyx, will manufacture flash memory
for the companies and allow both to get their flash memory businesses
off the books.
Numonyx
will supply non-volatile memory for MP3 players, digital cameras, computers and
other high-tech equipment.
Apple has reportedly also cut its flash memory purchases for 2008, as credit
tightens and prices increase.
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