Intel, STMicroelectronics postponed the joint venture

Facing the turmoil of the financial market lending on December 26, Intel, STMicroelectronics and Francisco Partners had to announce the back of the launch of the Flash memory joint venture between the three firms until March 28 next year. .

In the official file, the delay plan was sent to the US Securities and Exchange Commission, Intel said the partners had once again agreed on the plan to call for investment capital for Numonyx joint venture. Estimating the amount of capital needed to establish this joint venture is up to 1.55 billion USD.

Under the new financial terms, STMicroelectronics will contribute US $ 364 million to the joint venture - equivalent to a 48.6% stake. Francisco Partners contributed $ 150 million - equivalent to 6.3% of the shares. The rest (45.1% of shares) belongs to Intel. In addition Numonyx will be granted another loan of about 650 million USD.

According to the plan announced on May 22, the joint venture was officially put into operation in the second half of this year. Numonyx aims to provide NOR and NAND memory units for consumption and for manufacturers of mobile phones, digital cameras, PC .

Hoang Dung