Tuesday, September 02, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
webOS Is Still Alive With LuneOS ROM Release for Android, webOS Devices
AMD Launches AMD Radeon R9 285 Graphics, "Never Settle: Space Edition" Game Bundle
AMD Introduces New 8-core FX-series Processors
New Philips Hue Beyond Combines Functionality And Ambient Lighting for Home
LG and Samsung Add Swarovski Crystals on Their Products
Pioneer DDJ-WeGO3 Allows You To Mix Tracks from Spotify or iTunes
Apple's iCloud Could Have Allowed Celebrity Nude-Photo Leak
Google To Launch New Budget Phone In India
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 Hopes To Improve Its Mobile Business With Ex-Qualcomm exec
Intel Unleashes its First 8-Core Desktop Processor For Gaming
Intel Introduces World's Smallest Standalone 3G Modem
Intel Highlights Its Wireless Computing Plans
Intel, Chunghwa Telecom Team up on Internet of Things
Avago to Sell LSI's Networking Business to Intel
Intel's Wearable Devices To Help Parkinson's Disease Research
Intel Discloses Newest Microarchitecture and 14 Nanometer Manufacturing
Intel Offers Software Kits For Designers Of Wearable Devices
New Intel Solid-State Drive Pro 2500 Series Packs SK Hynix Flash And Brings Trusted Security Features
New Intel Haswell CPUs Released
Intel to $60 Ship Galileo Gen2 Computer Next Month

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .