[H]ardOCP:

As odd as this may sound, after posting a $344M loss last week and announcing a 15% workforce reduction (here), Micron has announced today that it has plans to spend $400M to buy Qimonda AG’s stake in Inotera Memories.



The stake in Inotera will improve the Boise, Idaho memory chipmaker’s economies of scale. "Micron will gain greater scale in DRAM, reduce our operating expenses per wafer and have access to a very cost competitive operation," Micron Chairman and CEO Steve Appleton said in a statement.



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