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Micron Sales Surge 62 Percent: Page 2 of 2

Micron also reported it had received $450 million from Intel Corp. "in exchange for the issuance of stock rights exchangeable into 33.9 million shares" of Micron stock. In conjunction, the memory maker said "certain levels of DDR1 production and 300 mm wafer processing capacity, and dedication of resources to advanced product development" will be maintained.

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