Intel closes deal to create new flash memory vendor

New US$3 billion firm, called Numonyx, will design and build NOR and NAND flash chips

Intel, STMicroelectronics and investment firm Francisco Partners LP Monday closed a deal to create an independent flash memory chip business.

Called Numonyx B.V., the new Switzerland-based company will design, develop and manufacture non-volatile NOR and NAND flash memory chips used for storing data in portable consumer devices including cell phones, ultra mobile PCs, digital cameras and MP3 music players, said Intel officials.

As part of the deal, Intel will transfer its NOR flash memory business and certain assets associated with the chip maker's phase change memory technology for a 45.1 per cent stake in the new firm. Additionally, about 2,500 Intel employees will join.

STMicroelectronics contributed its NOR and NAND flash memory assets, as well as its Phase Change Memory resources to gain a 48.6 per cent share of the new firm. Francisco Partners invested US$150 million in cash for the remaining 6.3 per cent stake, Intel said.

Intel described phase change memory as a new technology for creating chips with fast data read and write speeds that use less power consumption than conventional flash technology. Last month, Intel and STMicroelectronics began shipping prototype samples of a 128MB memory device, codenamed "Alverstone," which features phase change memory technology.

Numonyx CEO Brian Harrison said today that the new company begins operations with annual revenues of approximately US$3 billion. "It is rare when a company starts in such a strong position," he said in statement.

The three partners announced plans last May to create the new firm. The effort was slowed about three months later when the US Federal Trade Commission sought additional information for its review into the deal's antitrust implications.

The Numonyx deal marks the latest effort by Intel to aggressively develop faster and improved flash memory technology to support increased demand for embedded storage devices. The company had earlier launched a joint effort with Micron Technology to develop new high-speed NAND flash memory technology.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Brian Fonseca

Computerworld
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?