Intel Optane is everything. The company has officially announced that it is closing the business and writing off more than $ 500 million
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Intel Optane is everything. The company has officially announced that it is closing the business and writing off more than $ 500 million

Intel has confirmed that its Optane memory company will be closing. This information is contained in the most recent financial report.

As a result, Intel will write off $559 Million in inventory impairment due to the closing of its memory business. Optane was discontinued by the company due to industry transition to CXL (Compute Express Link).

The new IDM 2.0 strategy also rejects Optane. Intel will eliminate areas that aren’t profitable.

Strangely, Crow’s Pass generation DDR5 Optane Memory testing started only a week ago. These memory should have been available with Sapphire Rapids server CPUs. However, those plans were clearly cancelled.

Intel Optane is everything. The company has officially announced that it is closing the business and writing off more than $ 500 million
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