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New Company to Deliver Innovative, Cost-Effective Non-Volatile Memory Solutions; Intel to Take Impairment Charge for First Quarter 2008
SANTA CLARA, Calif., March 31, 2008 – Intel Corporation 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 …