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Product category: Communications ICs (Wired)
News Release from: STMicroelectronics
Edited by the Electronicstalk Editorial Team on 29 May 2007

STM and Intel pool Flash expertise in
new venture

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New independent semiconductor company will be created from the key assets of businesses which last year generated approximately US $3.6 billion in combined annual revenue.

STMicroelectronics, Intel and Francisco Partners have entered into a definitive agreement to create a new independent semiconductor company from the key assets of businesses which last year generated approximately US $3.6 billion in combined annual revenue The new company's strategic focus will be on supplying Flash memory solutions for a variety of consumer and industrial devices, including cellular phones, MP3 players, digital cameras, computers and other high-tech equipment

The new company will combine key research and development, manufacturing and sales and mark