“A Sweetheart Deal, Done in Secret”: Intel and Micron Sued Over 3D XPoint

mood · Jan 21, 2020

“A Sweetheart Deal, Done in Secret”: Intel and Micron Sued Over 3D XPoint
January 21, 2020
https://www.cbronline.com/in-depth/intel-and-micron-sued-3d-xpoint

In a Michigan bankruptcy court, a quietly brutal legal battle is taking place over one of the most innovative new memory technologies in over 25 years.
The suit names both Intel and Micron – who are developing rival products based on similar technology – as defendants. It spans thousands of pages of heavily redacted claims, including alleged breach of contract, and fraudulent transfer.

At its heart are claims about a “highly irregular” transaction that took place in 2015, three days after the chip giants jointly launched a radical new memory class – 3D XPoint – that they claim can be “up to 1,000 times faster than NAND”.
The litigant is Energy Conversion Devices (ECD)’ Liquidation Trust (ECDLT), which represents the creditors of ECD.
The Seven Charges [...]
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What’s Next?
How long the case will rumble on remains unclear.

The ECDLT is pitting itself against deep-pocketed defendants, who are pushing back vigorously, and with combined 2019 revenues of over $100 billion, can afford to do so for a long time. 3D XPoint technologies meanwhile continue to slowly emerge from Intel and Micron’s fabs, as the data centre sector watches closely.
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“A Sweetheart Deal, Done in Secret”: Intel and Micron Sued Over 3D XPoint

mood Updates Team

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“A Sweetheart Deal, Done in Secret”: Intel and Micron Sued Over 3D XPoint

mood Updates Team

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