Tuesday, October 13, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Releases Cardboard SDK
Latest Windows 10 Build Integrates Skype Messaging, Adds New Features
Qualcomm Sells Vuforia AR Business to PTC For $65 million
HyperX Releases Cloud Mav Edition Headset
It's Official: Dell Acquires Data Storage Company EMC For About $67 Billion
Acer Showcases New Windows 10 Devices
MPAA Lists Piracy Sites in Around The World
ZTE Officially Launches New AXON Smartphones
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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.

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
New Firmware For Intel 750 Series SSD MAkes Your PC Booy Up Faster
Intel Says New DC P3608 IS The Most Powerful Data Center SSD
Intel Establishes Automotive Security Review Board
Intel Unleashes Multi-Gigabit Performance With New Puma 7 Chip
Intel Media Server Studio 2016 Enables Faster Video Transcoding and Transition to HEVC and 4K
Intel Invests US$50 Million to Advance Quantum Computing
Intel Says New Skylake Processors Are The Best Ever Made
Intel Talks About Skylake At IDF
Intel Outlines Expanded RealSense And Optane Technologies At IDF
Intel To Bring Xeon Processors to Notebook PCs
Researcher Discovers Flaw in Intel Processors
Intel Teases With Skylake Processor Family and Z170 Express Chipset Debut

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .