On June 26, Micron Technology announced it was discontinuing its Lexar retail removable media storage business. According to Micron they are closing Lexar to focus on other opportunities in “higher value markets and channels”Lexar, along with Sandisk was one of what many thought were the premier memory card manufacturers for portable devices including cameras. Lexar also manufactured USB flash drives, memory card readers, and storage drives for both retail and OEM customers.
Micron stated that they are exploring opportunities to sell all or part of their Lexar business. Numerous sources have indicated prospective buyers, who wish to remain unknown at this time, have already contacted Micron.
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