(Image credit: Business Wire)

Intel and STMicroelectronics NV unveiled a new independent semiconductor company “Numonyx” that will develop and manufacture flash-memory products.

Numonyx was formed from the flash memory businesses of Intel Corp. and STMicroelectronics, which will produce NOR and NAND flash microprocessors used in popular devices such as MP3 players, digital cameras and cell phones.

India is set to become the world’s second largest wireless network market after China , overtaking the U.S. to the third slot, by April 2008. Penetration of Cell phones in India is beyond our imagination.

India with the total mobile subscriber base crossing the 26-crore mark, India will have over 30-crore phone subscribers in April , according to telecom regulator TRAI.

India’s monthly wireless subscriber addition is the highest in the world, adding 8-9 million wireless users a month, compared with China’s 6-7 million and only 2-3 million new subscribers in the United States.

China tops with over 540 million wireless customers in February 2008, followed by the US with 260.50 million and India with 250.93 million.

• Subscribers base to cross 300 million in April 2008.
• Wireless subscribers base reaches 250 million mark.
• India to become second largest wireless network in the world by April 2008.
• Wireless Subscribers addition is 8.53 million in February 2008.