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M&A Deal Summary

Micron Acquires IM Flash Technologies

On October 18, 2018, Micron acquired semiconductors company IM Flash Technologies from Intel

Acquisition Highlights
  • This is Micron’s 6th transaction in the Semiconductors sector.
  • This is Micron’s 6th transaction in the United States.
  • This is Micron’s 1st transaction in Utah.

M&A Deal Summary
Date 2018-10-18
Target IM Flash Technologies
Sector Semiconductors
Buyer(s) Micron
Sellers(s) Intel
Deal Type Divestiture

Target

IM Flash Technologies

Lehi, Utah, United States
IM Flash Technologies LLC engages in the world making 3D XPoint, a new transistor-less chip, which is the first of its kind. You can find 3D XPoint in Intel Optane solid state drives (SSD), which are used by data centers and high end computers.

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Buyer(S) 1

Buyer

Micron

Boise, Idaho, United States
Category Company
Founded 1978
Sector Semiconductors
Employees48,000
Revenue 25.1B USD (2024)
DESCRIPTION

Micron is a provider of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Micron's common stock is traded on the NASDAQ under the MU symbol. Micron was founded in 1978 and is based in Boise, Idaho.

DEAL STATS #
Overall 11 of 11
Sector: Semiconductors M&A 6 of 6
Type: Divestiture M&A Deals 3 of 3
State: Utah M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 Lexar Media

Milpitas, California, United States

Lexar Media, Inc. is a marketer and manufacturer of NAND flash memory products including memory cards, USB flash drives, card readers and ATA controller technology for the digital photography, consumer electronics, industrial and communications markets.

Sell -

Seller(S) 1

SELLER

Intel

Santa Clara, California, United States
Category Company
Founded 1968
Sector Semiconductors
Employees108,900
Revenue 53.1B USD (2024)
DESCRIPTION
Entrance to Intel's corporate headquarters in Santa Clara, California.
Entrance to Intel's corporate headquarters in Santa Clara, California.

Intel is a multinational semiconductor chip maker. The Company's products are incorporated into desktop computers, wearables, servers, tablets, smartphones, and other devices. Intel was formed in 1968 and is based in Santa Clara, California.

DEAL STATS #
Overall 10 of 14
Sector: Semiconductors M&A 2 of 3
Type: Divestiture M&A Deals 9 of 12
State: Utah M&A 2 of 2
Country: United States M&A 8 of 11
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 NetSpeed Systems

San Jose, California, United States

NetSpeed Systems, Inc. is a provider of system-on-chip design tools and interconnect fabric intellectual property. NetSpeed Systems was founded in 2011 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 Barefoot Networks

Santa Clara, California, United States

Barefoot Networks designing and operating the world’s fastest and most programmable networks. Barefoot Networks goal is to make programming network as simple as programming computer.

Buy -
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