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One of the world's largest flash memory makers agrees to be acquired by Micron Technology in a deal worth approximately $1.27 billion.
The new flash memory company is formed with contributions from both chip heavyweights, and will begin life just as the flash memory market turns sour.
Intel and Numonyx announced practical advancements they believe will make phase-change memory meet its performance and capacity promise.
This story incorrectly described the effect that Intel's Numonyx joint partnership with STMicroelectronics will have on its financial statements. Only the assets will vanish with the deal; Intel is still responsible for reporting any profit or loss made b
Intel, STMicroelectronics postpone the establishment of Numonyx, a flash memory supplier, and the joint venture's debt financing is cut by about half.