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March 8, 2006

Micron to Buy Lexar

Micron has announced today that they will purchase Lexar in a stock-for-stock trade, pending regulatory approval. The move marks yet another notch in the consolidation trend sweeping the memory maker market. Based on the press release, Micron will leverage their flash memory manufacturing prowess with Lexar's brand superiority in systems and controllers to create a unique product line aimed at serving both the solid-state and growing mobile handset segments.

Posted by covey22 at March 8, 2006 4:43 PM