Lexar's shareholders approved the merger with Micron

Micron, after acquiring Lexar, became a stronger player in the NAND flash memory business market.

Despite the opposition of investors - billionaire Carl Icahn (7.47% of the shares, to vote), shareholders of Lexar Media agreed with the 'sell themselves' agreement for Micron Technology. , making this powerful memory chip maker a stronger player in the NAND flash memory business market.

According to Lexar's June 16, 2006 statement, more than 50% of shareholders (the minimum required number) have approved the merger and the deal will end as soon as possible. Each of Lexar's shares will be exchanged for 0.5925 Micron common shares.

NAND (short for "Not AND") is a type of memory chip that is commonly used because it can hold a large amount of data and can be saved even after a power failure, so the NAND is the ideal memory chip to store. songs, photos and other data in digital cameras, mobile phones, digital music players . The market for NAND memory chips is dominated by Toshiba and Samsung Electronics.

The deal will help Micron get some basic inventions of NAND flash memory owned by Lexar. In 2005, Micron and Intel formed a joint venture called IM Flash Technologies to win the NAND flash business market share, the chip industry's fastest growing segment.