Intel, ST form independent flash company

Deffree, Suzanne
May 2007
Electronic News;5/28/2007, Vol. 53 Issue 22, p21
Trade Publication
The article reports on the plan of semiconductor industry giants Intel and STMicroelectronics to establish an independent flash company. STMicroelectronics will sell its flash memory assets to the new company while Intel will sell its Not OR (NOR) assets and resources under the terms of agreement. Lehman Brothers analyst Tim Luke commented that the company will likely help the industry giants to compete with Spansion and Samsung more effectively. The company will be managed by Brian Harrison.


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