Home / News / Intel launches flash memory operation
Chip maker creates new flash memory powerhouse Numonyx

Intel launches flash memory operation

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.

Check Also

Surge in malicious Microsoft Office documents detected

WatchGuard Technologies’ latest quarterly Internet Security Report shows a massive 62% increase in overall malware …