By Mike Maharry The Idaho Statesman

Micron Technology Inc. and Intel Corp. will invest $5.2 billion in a new joint-venture company to produce memory devices used in digital cameras, cell phones, cam corders and MP3 players.

The deal, announced Monday, will give Micron the cash it needs to ramp up production of NAND flash memory, which industry analysts call the hottest product in electronics.

The news of the joint venture caused a flurry of trading in the two stocks Monday on Wall Street, but Micron and Intel shares were relatively unchanged when the markets closed. Micron ended the day at $14. 20, up 2 cents for the day on heavy trading, while Intel closed down 5 cents at $25.25.

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