Intel, STMicroelectronics And Francisco Partners Establish A New Leader In Flash Memory

Subject: Storage | May 22, 2007 - 03:14 PM |
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GENEVA and SANTA CLARA, Calif., May 22, 2007 STMicroelectronics, Intel and Francisco Partners today announced they have entered into a definitive agreement to create a new independent semiconductor company from the key assets of businesses which last year generated approximately $3.6 billion in combined annual revenue. The new company's strategic focus will be on supplying flash memory solutions for a variety of consumer and industrial devices, including cellular phones, MP3 players, digital cameras, computers and other high tech equipment.