<p>Numonyx is the world’s No. 3 maker of flash-type memory chips, formed last year using memory chip assets from STMicroelectronics NV and Intel Corp, specialising in cellphone memory.<br /><br />Under the agreement, Micron will issue 140 million Micron common shares to Numonyx shareholders, Intel, STMicroelectronics, and Francisco Partners.<br /><br />Up to 10 million additional Micron common shares could be issued based on other factors including the volume weighted average of the price of Micron shares. STMicro said it will net around $527 million worth of Micron shares from the deal. Micron expects the deal to add to its earnings on a non-GAAP basis, starting in fiscal 2011.</p>
<p>Numonyx is the world’s No. 3 maker of flash-type memory chips, formed last year using memory chip assets from STMicroelectronics NV and Intel Corp, specialising in cellphone memory.<br /><br />Under the agreement, Micron will issue 140 million Micron common shares to Numonyx shareholders, Intel, STMicroelectronics, and Francisco Partners.<br /><br />Up to 10 million additional Micron common shares could be issued based on other factors including the volume weighted average of the price of Micron shares. STMicro said it will net around $527 million worth of Micron shares from the deal. Micron expects the deal to add to its earnings on a non-GAAP basis, starting in fiscal 2011.</p>