Micron Technology, one of the world’s leading memory manufacturers, has announced they will acquire flash maker Numonyx. The deal is an all-stock transaction, worth about $1.27 billion.
The deal makes Micron the number two memory maker behind Samsung Electronics, switching places with the new number three Hynix. Interestingly, Numonyx currently has a joint venture with Hynix to produce certain types of flash memory. Micron has not provided any details on the future of this joint venture yet, but I expect it to end in the near future.
The Wall Street Journal has a more detailed analysis, and thinks the deal revolves around expanding Micron’s product portfolio in the area of multi-chip packages. With the Numonyx technology, Micron should be able to expand into multi-chip packages using NOR memory. This type of memory is very popular in cellphones, but I’m sure this deal will also shake up the NAND flash memory market as well.
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