Intel is officially winding down its Optane memory business
One of the announcements included with the Intel’s Q2 earnings call was a confirmation that the company is shutting down its Optane Memory division.
The confirmation is hidden in the non-GAAP adjustment table release for Q2 earnings and was confirmed during the Q&A session afterwards. Intel confirmed it has officially initiated the winding down of the Optane memory business in the second quarter.
Intel will be writing off $559 million in inventory impairment as a result of the memory business closure. This business was responsible for various client and data-center memory and storage products.
Just recently there was a leak featuring 3rd Gen Optane DC Persistent Memory codenamed Crow Pass. It would appear that a product originally intended for Sapphire Rapids systems equipped with DDR5 memory will never be released now.
Intel explained that one of the reasons for Optane business to shut down is an industry shift to CXL (Compute Express Link) standard.
Source: Tom’s Hardware