Micron To Shut Flash Memory Plant, Cut 15% of Workforce
The world's flash memory makers have been struggling as the prices for NAND chips used in flash memory has been in a continuing oversupply situation. That oversupply has led to reduced prices which, while good for consumers, has severely affected profits at many firms. The ongoing economic crisis has further exacerbated the situation, leading to reduced consumer demand. The combination of these factors has led Intel and Micron to shut down their joint venture that made NAND flash memory at Micron's Boise, ID facility. Micron plans to layoff 15% of its total workforce over the next two years with most of that reduction coming at it's Boise plant.