Friday, July 20, 2007
Intel & ST Microelectronics unveiled the company name of ''Numonyx'' for the pending independent semiconductor company announced in May.
Numonyx, created from the key assets of businesses that last year generated approximately $3.6 billion in combined annual revenue, will focus on supplying non-volatile memory solutions.
Numonyx is expected to complete its transaction, subject to regulatory approvals and customary closing conditions, in the second half of 2007. As previously announced, the new entity will have its headquarters in Switzerland.
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