The long anticipated move by Intel and STMicroelectronics to exit the flash memory market has been made official. Both companies will combine research and development, manufacturing and sales and marketing assets into a new entity with Francisco Partners, a private equity firm taking a 6.3 percent ownership interest.
The new agreement means that STMicroelectronics will sell its flash memory assets, including its NAND joint venture interest and other NOR resources, to the new company while Intel will sell its NOR assets and resources. In exchange, Intel will receive a 45.1 percent equity ownership stake and a $432 million cash payment while STMicroelectronics will receive a 48.6 percent equity ownership stake and a $468 million cash payment.
Originally posted by qcmadness at 2007-5-23 12:26 AM:
http://www.fabtech.org/content/view/2892/2/
The new company will become the biggest NOR manufacturer.
A good move for both Intel and ST Micro.
Originally posted by 5毫子 at 2007-5-23 02:15:
What is NOR and what is it used for?
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