Intel could sell off its flash and SSD business
Intel has announced its Q1 fiscal 2008 earnings and CEO Paul Otelllini has hinted that the remaining flash business may be sold off.
Otellini reiterated his committment to sorting out the flash business, but not, specifically not, to making a success of it. This business has been hit by lower prices per GB. Flash production increased from the last quarter of 2007 to the first quarter of this year as a new Intel flash foundry came into operation. Chip capacity doubled but prices went down. There is over-supply and little prospect of prices going back up in the near-term.
Researcher iSuppli has forecast a flash slump.