A joint venture between Boises Micron Technology Inc. and the Intel Corp. plans to expand production at a Utah factory and add 200 jobs.
The venture, known as IM Flash, produces NAND flash memory in Lehi, south of Salt Lake City. NAND (a mathematical term meaning "not-and") chips are used in digital music devices, digital cameras and mobile phones. The chips retain data when the devices are off.
Utah Gov. Gary Herbert announced the new jobs and said the state will award IM Flash incentives to create them. "It says a lot about Utah's business-friendly environment that they want to come here and expand," Herbert said.
The board of the Governor's Office of Economic Development approved economic-development tax-increment financing for IM Flash. The joint venture will receive a $45.9 million tax incentive if it fulfills certain requirements IM Flash promised to meet. State officials say the fabrication plan is expected to generarte $153 million in new tax revenue over 10 years.
The Idaho Statesman contributed.