Intel Corp. and STMicroelectronics NV are unloading troubled divisions that make 'NOR' flash memory in cell phones. NOR is steadily losing ground to 'NAND' flash memory, a cheaper alternative used in digital cameras and music players.
May 23, 2007 at 12:00 AM
1 minute read
Intel Corp. and STMicroelectronics NV are unloading troubled divisions that make a type of flash memory used primarily in cell phones.
The chip makers and private equity firm Francisco Partners will form a new company that will buy up the assets of Intel’s and STMicro’s NOR flash businesses.
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