Intel, STMicroelectronics and Francisco Partners confirm 'Numonyx' as new company name

Telecomworldwire, July 20, 2007

TELECOMWORLDWIRE-20 July 2007-Intel, STMicroelectronics and Francisco Partners confirm 'Numonyx' as new company name(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com

Chip manufacturer Intel, STMicroelectronics, a company developing semiconductor solutions, and Francisco Partners, a global private equity company, have confirmed that 'Numonyx' has been selected as the company name for the new independent semiconductor company that was announced on 22 May 2007.

The companies said Numonyx will focus on supplying non-volatile memory solutions for various industrial and consumer devices such as computers, mobile phones, digital cameras, MP3 players and other high-tech equipment.

The setting up of Numonyx, a name relating to the word 'mnemonics', is expected to be completed in the second half of this year, subject to regulatory approvals and customary closing conditions, and it will be headquartered in Switzerland. Intel claimed it is working to the original timeframes and is expecting to officially launch the new company to customers later in 2007.

According to STMicroelectronics, the announcement of the new company's name enables it to begin developing an independent identity which customers will recognise in system-level memory solutions.

Numonyx is being established from the key assets of businesses which generated around USD3.6bn in combined annual revenue.

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