CalTrade Report, Francisco Partners, California global, California international, Intel, flash memory, STMicroelectronics, European Union, European Economic Area - INTEL, ST MICRO JV APPROVED - CalTrade ReportAsia Quake Victims SANTA CLARA – 09/04/07 – World chip leader Intel has gotten the go-ahead from the European Commission for a proposed joint venture with the French-Italian group ST Microelectronics to produce and distribute flash memory worldwide; the joint venture will operate under the name Numonyx and, like ST Microelectronics, will be headquartered in Geneva, Switzerland. - SANTA CLARA – 09/04/07 – World chip leader Intel has gotten the go-ahead from the European Commission for a proposed joint venture with the French-Italian group ST Microelectronics to produce and distribute flash memory worldwide; the joint venture will operate under the name Numonyx and, like ST Microelectronics, will be headquartered in Geneva, Switzerland. - INTEL, ST MICRO JV APPROVED CalTrade Report, Francisco Partners, California global, California international, Intel, flash memory, STMicroelectronics, European Union, European Economic Area - INTEL, ST MICRO JV APPROVED

 
Tuesday, January 06, 2009

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Page Two

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INTEL, ST MICRO JV APPROVED

SANTA CLARA – 09/04/07 – World chip leader Intel has gotten the go-ahead from the European Commission for a proposed joint venture with the French-Italian group ST Microelectronics to produce and distribute flash memory worldwide.

"The transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it," the commission said in a statement.

The joint venture will operate under the name Numonyx and is worth an estimated $3.6 billion. Like ST Microelectronics, the new company will be headquartered in Geneva, Switzerland.

Flash memory is a type of memory which is widely used in data storage cards, in mobile phones and other portable devices.

The European Union's antitrust watchdog found that strong competitors are present for their products and customers would be able to continue sourcing their needs from a sufficient number of alternative vendors.

ST Microelectronics is active in the semiconductor industry and offers a broad range of semiconductor products, from discrete diodes and transistors to complete platform solutions.

California-based Intel offers microprocessors, chipsets, and other semiconductor components, as well as platform solutions for data processing and communications devices.

The private equity firm Francisco Partners of Menlo Park, California handled the financing for the deal.

The company focuses exclusively on investments in technology and technology-enabled services businesses and claims approximately $5 billion of committed capital with transaction values ranging from $30 million to $3 billion.

Go back, or read the latest Page Two stories:

DISNEY TO LAUNCH TV CHANNEL IN RUSSIA

BURBANK – 12/31/08 – The Walt Disney Company has said it will team-up with Media-One Holdings Ltd. to launch a Disney-branded television channel in Russia in 2009; Disney will have a 49% stake in the venture in exchange for a cash investment and content acquisition, according to a recent piece in the Los Angeles Business Journal.


GOLDEN SPOON ENTERS THE GLOBAL MARKET

RANCHO SANTA MARGARITA – 12/12/08 – Frozen yogurt giant Golden Spoon has accelerated its international expansion with the announcement of two additional stores for Japan; the new stores will be located within Tokyo Station and the Kansai International Airport and are slated to open for business this month.


PORT OF STOCKTON EXPANDS ITS FTZ

STOCKTON – 12/05/08 – The Port of Stockton has received approval from the US Dept. of Commerce (DOC) Foreign Trade Zones Board for expansion of its Foreign Trade Zone No. 231; the expansion at the nearly 475-acre Opus West Park in East Stockton is the eighth site approved in Stockton by the DOC and is sited adjacent to the Burlington Northern and Santa Fe Railroad line linking Central California with points throughout the country.


NETSUITE GOES LIVE IN SINGAPORE

SAN MATEO – 10/28/08 – Business management software developer NetSuite Inc. has launched a new venture - NetSuite OneWorld in Singapore; the move was spurred by forecasts that that Asia-Pacific software as a service (SaaS) revenues will grow from $274 million in 2007 to around $1.8 billion by 2011.


CHINA’S TASTE FOR CAL WINE GROWS

SONOMA – 08/09/08 – California-based vintner Bronco Wine has forged a deal with Legacy Wine and Spirits International to export a selection of its varietal Hacienda label wines to China; the first container of 750ml bottles of Bronco’s Merlot, Cabernet Sauvignon, Chardonnay, Sauvignon Blanc, Riesling, Gewurztraminer, Viognier, White Zinfandel and Brut Sparkling Wine reportedly left the Port of Oakland last week.


SANDISK REJECTS SAMSUNG ACQUISITION BID

MILPITAS – 09/24/08 – US flash memory maker SanDisk Corp. has reportedly rejected a $5.9 billion bid by top memory chip-maker, Samsung Electronics Co., but said it would not rule out a deal at a better price; SanDisk said in a statement that Samsung's $26-a-share cash offer undervalued the company, but it remained open to a deal with Samsung at a price that recognizes its "intrinsic value."



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