Friday, September 30, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Offers $2.5 Million to Advance Conversational Artificial Intelligence
Raspberry Pi Upgraded With A Visual Overhaul Called Pixel
E FUN Nextbook Ares 11 2-in-1 Android Tablet Costs Just $179
Micron Opens Fab 10 Singapore NAND Flash Memory Fabrication Facility
Qualcomm in Talks to Buy NXP
Microsoft Creation New Artificial Intelligence and Research Group
Game of Thrones Enhanced Edition Comes To iBooks
Automakers Showcase Their Electric Vehicles At 2016 Paris Motor Show
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
Microsoft Creation New Artificial Intelligence and Research Group
Amazon, Google, Facebook, Microsoft And IBM Establish Partnership on AI Best Practices
NVIDIA Launches New AI Technology At Third Regional GPU Tech Conference
Samsung Narrows Gap With Intel In Semiconductor Industry Ranking
Intel Raises Third-Quarter Revenue Expectations
TPG to Buy Intel's McAfee Security Unit
Intel to Buy Movidius To Accelerate Computer Vision Through RealSense
Intel 7th Generation Kaby Lake Processors Released
Intel Introduces New 3D NAND SSDs
Intel to Accelerate Altera, Autonomous Driving
Nvidia Says Intel Is Misleading With Outdated Deep Learning Benchmarks
Intel Says USB-C Audio Could Kill Traditional Headphone Jacks

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .