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Electronics Production | April 09, 2007

ST and Intel establish JV in Italy

Swiss based company ST Microelectronics and Intel will collaborate to open up a 12-inch empty plant in Catania, Italy.
According to an Italian source the project is expected to start up in middle of 2008. A manager has been appointed for the new plant. According to speculations the ownership in the joint venture will be 47% ownership by ST and 43% ownership by Intel, 10% will be owned by other investors. The date for an announcement is expected between the 24th and the 26th of April.
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