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Sony Ericsson might buy Intel flash fab

Posted: 18 Jan 2007     Print Version  Bookmark and Share

Keywords:Intel  Sony Ericsson  NOR  flash  memory 

Intel Corp. could be looking to sell its flash wafer fab, Fab18, at Kiryat Gat, which employs 3500 people. Sony Ericsson Mobile Communications AB is said to be in talks concerning the flash memory wafer fab, according to a Globes report.

Israel will shut down Fab 8 in Jerusalem, which currently employs around 600 workers, but sell Fab 18 at Kiryat Gat with an announcement due in a matter of days, according to the report.

Sony Ericsson would either step in as a buyer or as an investor in partnership with a private equity fund. If the flash memory activity is sold in full, the price tag will be around Rs.6,798 crore ($1.5 billion), on the basis of operating performance only, the report said.

That would leave Intel with only one wafer fab in Israel, Fab28, in Kiryat Gat, which will make devices using a 45nm process on 300mm diameter wafers and is expected to come on line during the second half of 2008. It received a grant of Rs.2,379.30 crore ($525 million) from the Israeli government, given under initiatives to encourage capital investments in the country's high technology sector.

- Peter Clarke
EE Times Europe

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