Micron is ceasing development of the 3D XPoint, effective immediately.
The company will sell the facility in Lehi, Utah, where the chips were manufactured by the end of 2021.
Micron will shift its resources to accelerating the market introduction of products with Compute Express Link, a new, faster standard for connecting memory to computing chips.
Micron CEO Sanjay Mehrotra:
The need for data center memory innovation has never been greater
Micron is committed to leading innovation to unleash the next generation of data centers
Today’s announcement reflects our focus to invest in high-value solutions for customers that also deliver strong shareholder returns