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It appears that the end may be in sight for Intel’s beleaguered Optane memory business. Tucked inside a brutal Q2’2022 earnings release for the company (more on that a bit later today) is a very curious statement in a section talking about non-GAAP adjustments: In Q2 2022, we initiated the winding down of our Intel Optane memory business. As well, Intel’s earnings report also notes that the company is taking a $559 Million “Optane inventory impairment” charge this quarter.
Beyond those two items, there is no further information about Optane inside Intel’s earnings release or their associated presentation deck.
