Intel Closes Optane Memory Business With $559 Million Loss

 Intel announced the closure of their Optane memory business today with a loss of $559 million (~RM 2.5 billion) in inventory. This decision is not surprising because last year Intel stopped selling Optane memory to consumers and focused on business customers only.

Micron, which produces Optane memory and storage for Intel, has sold a factory that produces chips to HK Hynix. Although no new chips are being produced, Intel reportedly still has several years worth of inventory. Intel will continue to provide support to existing customers.