Sunday, July 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Lyft Forms Autonomous Vehicle Unit
More Than Half German Companies Hit by Sabotage, Spying, BSI says
Intel, Microsoft and Amazon Side with Apple in Qualcomm's iPhone Ban Dispute
Samsung Galaxy Note 8 to debut on Aug. 23
Apple Turns to LG Chem for iPhone 9 Batteries
Microsoft Reports Strong Profit on Cloud Demand
Intel Introduces Movidius Neural Compute Stick
TSMC InFO packaging Enters Second Generation
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Intel, ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, March 31, 2008
Intel, STMicroelectronics Close Transaction to Create Numonyx


Intel today announced that the company has finalized and closed its transaction with STMicroelectronics and Francisco Partners to create a new independent semiconductor company Numonyx B.V. that will design, develop and manufacture NOR and NAND flash memory products.

As part of the transaction, Intel has transferred the assets associated with its NOR flash memory business and certain assets related to the company's phase change memory initiatives to Numonyx in exchange for 45.1 percent ownership in Numonyx. ST Microelectronics acquired a 48.6 percent ownership interest in Numonyx. Francisco Partners acquired a 6.3 percent ownership interest in exchange for a cash investment of $150 million. As part of the overall transaction, Numonyx will receive $450 million of debt financing at closing from Intesa Sanpaolo S.p.A and Unicredit Banca d'Impresa S.p.A in addition to a $100 million committed revolving credit facility. The loan has a 4-year term and Intel and STMicroelectronics have each provided Numonyx and the banks with a guarantee of 50 percent of the indebtedness.

Intel estimates that it will record additional non-cash impairment of approximately $300 million related to the assets transferred to Numonyx and other costs associated with this transaction in the first quarter of 2008. Approximately 2,500 Intel employees are joining Numonyx as part of this transaction.


Previous
Next
AMD Delivers First 3D Workstation Graphics Card with DisplayPort Support        All News        Sub-$1,000 Blu-Ray Laptop Now Available From Dell
Hynix to Produce 54nm DRAMS For This Year     PC Parts News      Sub-$1,000 Blu-Ray Laptop Now Available From Dell

Get RSS feed Easy Print E-Mail this Message

Related News
Intel Introduces Movidius Neural Compute Stick
IBM Revamps Unit Around Watson Artificial Intelligence, Microsoft Creates New AI Lab
Intel Skylake Processors Counter AMD Epyc
New Intel SSD 545s Packs 64-layer 3D TLC Flash
Intel to Bring Virtual Reality and 5G to Olympic Games
First Intel Core X-Series Processors Pre-Orders Begin Today, Available Starting June 26
Microsoft Used AI to Help Crack Down on Tech Support Scams
Intel Details "mesh" On-chip Interconnect Technology Features in New Intel Xeon Scalable Processors
Intel Invests in Three AI Companies
Microsoft AI Masters Pac-Man
Intel Showcases PC Gaming and VR Experiences at E3, Announces Intel Grand Slam for Esports and Pre-Orders for Core X-series Processor Family
LG Establishes New Robotics and AI research Divisions

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .