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SANTA CLARA, Calif. and GENEVA, July 19, 2007 – Intel
Corporation, STMicroelectronics and Francisco Partners unveiled
today the company name of “Numonyx™” for the pending
independent semiconductor company announced on May 22. Numonyx, being
created from the key assets of businesses that last year generated approximately
$3.6 billion in combined annual revenue, will focus on supplying non-volatile
memory solutions for a variety of consumer and industrial devices including
cellular phones, MP3 players, digital cameras, computers and other high-tech
equipment.
“We want the industry to see that we are already hard at work
to create a significant, agile and energetic new company and what better
way to convey that than to give it a name,” said Brian
Harrison, vice president and general manager of Intel’s Flash
Memory Group and CEO-designate for Numonyx. “We are proceeding
to our original timeframes and will be excited when we can officially
launch the new company to our customers later this year.”
Playing off the word “mnemonics” -- the art of assisting
or improving memory -- Numonyx is expected to complete its transaction,
subject to regulatory approvals and customary closing conditions, in
the second half of 2007. As previously announced, the new entity will
have its headquarters in Switzerland.
“Announcing our name allows us to begin developing an independent
identity that customers and employees will recognize as a leader in
innovative and cost-effective system-level memory solutions,”
said Mario Licciardello,
corporate vice president and general manager of STMicroelectronics’
Flash Memories Group and COO-designate for Numonyx. “While
we are progressing in achieving regulatory approvals, planting the Numonyx
flag establishes an important milestone for the company.”
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor
solutions across the spectrum of microelectronics applications. An unrivalled
combination of silicon and system expertise, manufacturing strength,
Intellectual Property (IP) portfolio and strategic partners positions
the Company at the forefront of System-on-Chip (SoC) technology and
its products play a key role in enabling today’s convergence markets.
The Company’s shares are traded on the New York Stock Exchange,
on Euronext Paris and on the Milan Stock Exchange. In 2006, the Company’s
net revenues were $9.85 billion and net earnings were $782 million.
Further information on ST can be found at www.st.com.
 About
Intel
Intel, the world leader in silicon innovation, develops technologies,
products and initiatives to continually advance how people work and
live. Additional information about Intel is available at www.intel.com/pressroom.
About Francisco Partners
Francisco Partners is a leading global private equity firm focused exclusively
on investments in technology and technology-enables services businesses.
With approximately $5 billion of committed capital, Francisco Partners
pursues structured investments in technology companies, targeting investments
in private companies, public companies and divisions of public companies,
with transaction values ranging from $30 million to $3 billion. For
additional information, visit www.franciscopartners.com.
Contacts:
Tom Beermann
Intel Corporation
408-765-6855
Mail: tom.beermann@intel.com
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