IM Flash Technologies, LLC was the semiconductor company founded in January 2006, by Intel Corporation and Micron Technology, Inc. IM Flash produced 3D XPoint used in data centers and high end computers.

[4] On July 16, 2018, Micron and Intel announced that they would cease joint development of 3D XPoint after the 2nd generation technology is finalized, which is expected to be completed in the first half of 2019.

[5] On October 18, 2018, Micron announced their intention to exercise its right to call the remaining interest in the parties' joint venture, IM Flash Technologies, LLC.

At the time of close, Micron expects to pay approximately $1.5 billion in cash for the transaction, dissolving Intel's non-controlling interest in IM Flash as well as IM Flash member debt, which was approximately $1 billion as of Aug. 30, 2018.

[6] On October 31, 2019, Micron closed the acquisition of all of Intel's stake in IM Flash Technologies.