SANTA CLARA, Calif., and BOISE, Idaho, Nov. 6, 2006 — Intel Corporation and Micron Technology Inc., today announced they are ahead of schedule on their development of the NAND flash memory joint venture, IM Flash Technologies.

Since the formation of IM Flash in January, the companies have brought online a state-of-the-art 300 millimeter (mm) NAND fabrication facility in Manassas, Virginia, and a Lehi, Utah, 300mm facility is on track to be in production early next year. The venture also currently produces NAND memory through existing capacity at Micron’s Boise, Idaho, fabrication facilities.

Additionally, Micron and Intel introduced in July the industry’s first NAND flash memory samples built on 50 nanometer (nm) process technology. Both companies are sampling 4 gigabit 50nm devices now, with plans to produce a range of products, including multi-level cell NAND technology, starting next year.