News
Intel launches flash memory operation
Andrew Wooden Apr 1 2008, 1:13pm
Chip maker creates new flash memory powerhouse Numonyx
Intel has collaborated with Swiss based ST Microelectronics to create a new flash memory operation called Numonyx, reported Hexus.
The firm, of which Intel will own 45.1 per cent, will produce NOR and NAND flash memory hardware, and is valued at $2.38 billion.
Details are currently thin on the ground, but it has been reported around 2,500 workers from Intel will be transferred to the new venture.
