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Intel creates Numonyx, flash memory company

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(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.

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