High Hopes for an Intel-STMicro Spin-off

If Numonyx's memory chip plans pan out, tech companies could save big and PC users could get the performance that's been promised for years

Brian Harrison needs to succeed where his counterparts at Intel (INTC) and STMicroelectronics (STM) failed. As CEO of new chip company Numonyx, Harrison inherits two of those companies' worst-performing units—and must make them pay off in a way they did not for their previous owners. Intel owns 45% of Numonyx, STMicro holds 49%, and private equity fund Francisco Partners owns 6%.

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