Intel Memory Plans: No New NAND Capacity, Wants to Move 3D XPoint Production to China

Like the rest of NAND flash industry, Intel is not particularly happy with oversupply on the market and decreasing prices. The company already said that it would reduce NAND production this year, and last week as part of Intel's invenstor announcements, CO Bob Swan confirmed that the manufacturer would also not build up any additional NAND capacity in the foreseeable future. Meanwhile, coming off the heels of its IMFT divorce with Micron, the company is making plans to move production of 3D XPoint/Optane memory to its Chinese fab.