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Electronics Production | July 29, 2008

STMicro Phoenix plant to be sold<br>to pure-play foundry

As reported earlier Switzerland based chip maker STMicroelectronics has entered final negotiations over a possible sale of its plant in Phoenix, United States.
New information that evertiq received, suggests that the Phoenix plant is to be sold to a pure-play foundry. The companies mentioned are China-based Grace Semiconductor and Singapore-based Chartered. Rumours have it that Chartered – at this point – is considered to be the front runner.
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