A Marriage Made in Chip Heaven

Intel and STMicroelectronics are combining their flash-memory chip operations, with an investment by private equity firm Francisco Partners

In the unpredictable, cutthroat market for computer chips, win-win outcomes are rare. But that may well be the outcome of a decision by Intel and STMicroelectronics to combine their flash memory operations. The joint venture forms the world's largest manufacturer of a type of flash memory chip known as NOR flash.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.