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Intel-ST JV gets antitrust clearance

Posted: 22 Oct 2007     Print Version  Bookmark and Share

Keywords:joint venture  Numonyx  flash memory  antitrust 

The U.S. Federal Trade Commission (FTC) has granted Intel Corp. antitrust clearance to from its flash memory joint venture firm with STMicroelectronics NV (ST), according to an Associated Press report.

The FTC has given early termination on Oct. 17 of the waiting period required under the Hart-Scott-Rodino antitrust law.

Intel and ST announced in May a flash memory JV, named Numonyx, which will combine the companies' R&D, manufacturing and marketing skills. Intel will have 45.1 per cent equity of the JV company while ST will take 48.6 per cent.

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