Micron Technology, Inc. (NASDAQ:MU) today announced that it has completed the acquisition of Inotera Memories, Inc. Micron acquired all of Inotera’s outstanding shares for consideration worth 30 New Taiwan Dollars per share or approximately $0.94 USD per share. This represents a transaction value of approximately $4.0 billion, net of cash and debt at Inotera, to acquire the equity not already owned by Micron.
“We are excited to finalize the Inotera acquisition which will generate significant financial and strategic benefits for the company,” said Micron CEO Mark Durcan. “We expect immediate accretion to DRAM gross margins, earnings per share and free cash flow along with enhanced operational efficiency as we align Inotera with our global manufacturing operations.”
Recognition for "Best Outcomes in Automotive/Transportation Manufacturing" underscores UVeye's position at the forefront of responsible…
Priority Software, a global provider of AI-based cloud ERP and business management solutions today announced…
The first red-team agent that brings together Mythos grade models and a novel whitebox adversarial…
Study shows companies are giving AI agents the keys to critical systems faster than they…
Uniting browser-native controls with Akamai’s Zero Trust and application security portfolio to secure the AI-era…
Appcharge launches its hosted MCP server, opening the Appcharge DTC platform to MCP-compatible clients including…