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Electronics Production | July 23, 2008

Sale of STMicro US fab underway

Switzerland based chip maker STMicroelectronics has entered final negotiations over a possible sale of its plant in Phoenix, United States.
Carlo Bozotti, CEO STMicroelectronics, said today during a press conference that the company is near closing a sale of the 200 mm fab based in Phoenix, Arizona, United States. He did not mention any potential buyer. STMicroelectronics announced its intention of divesting the plant one year ago.

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