- Tuesday morning roundup: Micron’s expansion and Intel partnership venture may both be delayed because of market forces.
According to the
Wall Street Journal, Intel Corp.'s and Micron Technology Inc.'s IM Flash Technologies will delay initial production in Singapore until mid-2009. The opening of a $3.5 billion plant in
Singapore to make cutting-edge memory chips, announced last month, has been
delayed, a casualty of semiconductor slowdown.
The high-tech factory, a joint venture between technology heavyweights Micron and Intel, had been due to open later this year, but this has been set back until the middle of next year. The factory will make solid-state memory chips for MP3 players and portable storage devices.
Research firm iSuppli estimates average NAND chips prices have dropped by 36 percent in Q1 2008, and are expected to fall an additional 13 percent in Q2, stabilizing by mid-year.
- Gasoline has never been so high! AAA Idaho shows pump prices reached an average of $3.53 per gallon, a new state record for self-serve regular. Gas prices peak around Memorial Day, and then drop off, but … AAA Idaho spokesman Troy Green says it’s hard to say if prices will drop this summer. National average is $3.63 a gallon.
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