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Numonyx: Intel’s brainchild is officially complete

Intel announced the completion of Numonyx B joint venture with STMicroelectronics and Francisco Partners.V. headquartered in Switzerland. Among the tasks of the new company is the development and production of memory chips such as NOR and NAND.

Under the terms of the deal, Intel transferred to Numonyx all assets related to the development and production of NOR flash memory, and some assets related to phase change memory, in exchange for 45.1% of the shares. ST Microelectronics gets 48.6% stake in Numonyx. Francisco Partners share equal to 6.3%, acquired for 150 million. Doll.

As part of the total transaction, Numonyx will receive 450 million. Doll. of borrowed capital from Intesa Sanpaolo S.p.A and Unicredit Banca d’Impresa S.p.A in addition to 100 million. Doll., received in the form of a revolving loan. Intel and STMicroelectronics acted as guarantors of the four-year loan, having equally divided the obligations among themselves.

Approximately 2,500 Intel employees will join Numonyx.

The capabilities of Numonyx are driven by the development potential of the companies that formed the JV. The company is already producing serially 65-nm NOR memory chips and plans to master the 45-nm technical process by the end of the year.

To meet the demand for Numonyx memory chips, the company will use its own capacities, and turn to other manufacturers. Numonyx’s own facilities include six factories working with 200mm plates and three factories working with 300mm plates. One of the promising areas of work is the development and release of memory, which uses the effect of changing the phase state of matter.

Sources: Intel, Numonyx

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