Seems short-sighted
NAND isn't going anywhere soon with the storage speed and size requirements of the world growing all the time; This screams short term cash over losing long term income.
The only other way to read it is Intel has bet the family silver on Optrane taking over both memory and Storage as a mega growth area but.. well, as Itanium is the last time Intel bet big on a technology steamrollering the competition....
Biting the hand that feeds IT
