Micron buys flash maker Numonyx

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 [...]