IMFT Joint Venture and the Evolution of Flash Memory
IM Flash Technologies, LLC
IM Flash Technologies (IMFT) is a joint venture between Intel and Micron that was established in 2006 to enter into the fast growing storage market. IMFT is a standalone company with investments of > $4B to date and is currently producing leading edge 300mm NAND Memory products.
IM Flash produces products that go into removable media memory cards, solid state drives, and storage solutions for data centers. IM Flash benefits from a strong partnership between Intel and Micron and has been recognized by Tech Insights as the most innovative NAND technology in production for the last three consecutive years (34nm, 25nm, and 20nm).
The need for memory is expected to grow 5X over the next 5 years as solid states drives and other non-volatile memory based storage technologies continue to penetrate the computing segments such as the mobile platforms and data centers.
The purpose of this presentation is to provide a background on the IMFT Joint Venture, look at market trends and future opportunities.