Report: Intel to Close, Sell Israeli Facilities
January 16, 2007 3:52 PM
STMicroelectronics the likely buyer of Intel's Israeli NOR facilities sources indicate
, sources close to Intel indicate that the chip giant is in the process of
shutting down its chip manufacturing facility in Jerusalem
. The same report also mentions that Intel is considering selling its flash memory manufacturing facility in Qiryat Gat, southern Israel. The buyer is said to be STMicroelectronics, one of the world's largest chip manufacturers. The prices for Intel's Qiryat Gat memory facility is estimated to be roughly $1.5 billion USD but does not include any current debt that Intel might have outstanding.
Intel's Jerusalem facility, also known as Fab 8, was the first Intel wafer fab built outisde the U.S. It first opened in 1985.
When asked to comment, representatives from both Intel and STMicroelectronics declined to comment. STMicroelectronics is also in the business of NOR flash memory, standing at the world's fifth largest manufacturer.
The Marker Online
, published that Intel's flash memory business in Israel may also go to STMicroelectronics -- a company that previously stated it would like to either partner with an existing leader in memory products or purchase from a rival and resell.
Intel previously mentioned that it
would not be laying off any of its employees in its NOR flash memory business
Intel has been shutting down various areas of its business since early 2006, all while making plans and activities to open new facilities world-wide.
reported yesterday that Intel is currently in the process of
opening a new 65nm chip manufacturing facility in China
-- the first of its kind for the region. Intel also has a 45nm facility to enter production later this year in Arizona called Fab 32 and another Israeli facility arriving in 2008.
Even if Qiryat Gat NOR facilities are sold, Intel still has significant resources in its Haifa, Petach Tikva and Yakum design centers.
"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
Intel to Open New 65nm Plant in China
January 15, 2007, 4:05 PM
Intel Reorganizes NOR Flash Division But Promises No Lay-offs
May 12, 2006, 9:30 AM
Not All the High-Tech Jobs Are in California
August 4, 2016, 8:29 PM
Google's Gleaming Glass HQ Gets Mountain View Snub, LinkedIn Gets the Love
May 7, 2015, 6:58 AM
Tech's Tax Day Fortunate Few: Qualcomm, Xerox, GE, et al. Pay Little or No Taxes
April 15, 2015, 11:30 AM
LinkNYC Terminals to Blanket New York City With Free WiFi, Free Calls, and Ads
November 17, 2014, 6:50 PM
Microsoft is Open-Sourcing Most of .NET, Adding OS X and Linux Support
November 12, 2014, 8:27 PM
Home Depot Lost 53 Million Emails, Blames Windows, Buys Execs New Macs
November 9, 2014, 5:00 PM
Most Popular Articles
Surface Pro 5 Rumors - New Release Date and Price
April 22, 2017, 6:45 AM
Apple Watch NikeLab Limited Edition unveiled.
April 22, 2017, 6:20 AM
SAPPHIRE PULSE Radeon RX 580 8GD5 – Great Value for the Money
April 20, 2017, 7:47 AM
Meet the Smartphone with four cameras - Alcatel Flashphone
April 5, 2017, 11:20 AM
Dell Inspiron 17 7000 – A Premium Laptop featuring 7th Gen Intel Core i7 in a 2-in-1 Frame.
April 19, 2017, 7:45 AM
Latest Blog Posts
Galaxy Note 8 – Available Second Half 2017
Apr 28, 2017, 7:30 AM
Google Android App – Huge improvement on Nighttime Photography
Apr 27, 2017, 7:40 AM
Google Co-Founder, Sergey Brin has an Airship
Apr 26, 2017, 6:43 AM
Samsung Galaxy S8 and S8 Plus – Lots of Glass that Breaks Easily
Apr 25, 2017, 7:20 AM
Samsung Galaxy S8 – Warning for Pet Owners
Apr 24, 2017, 5:59 AM
Sound Bars and the Costs?
Apr 23, 2017, 6:30 AM
Link your Brain to Your Computer – In Four Years…Maybe
Apr 22, 2017, 7:03 AM
Google Home can now identify users by their voice.
Apr 21, 2017, 7:15 AM
Amazon Lex – Now Available for Developers.
Apr 20, 2017, 6:58 AM
You can now use Instagram offline on your Android Smartphone
Apr 19, 2017, 8:00 AM
Now you can livestream to YouTube from your mobile device.
Apr 18, 2017, 8:05 AM
Google Home – Is It a Spy Device?
Apr 17, 2017, 7:30 AM
Apple added to self –driving test permit list
Apr 15, 2017, 6:21 AM
Project Scorpio – Coming on June 11
Apr 14, 2017, 6:20 AM
Looks Like Samsung Has Been Forgiven.
Apr 13, 2017, 6:50 AM
United Airlines - Blasted on China’s Social Network and the Stock Market
Apr 12, 2017, 6:50 AM
Amazon's Third-Party Sellers Hacked
Apr 11, 2017, 6:25 AM
Microsoft Surface Pro5 Details Revealed
Apr 9, 2017, 6:41 AM
Own An Android Phone? Then you could be hacked over Wi-FI
Apr 7, 2017, 6:47 AM
Apple confirms iOS 10.3 bug and its effect on iCloud Services
Apr 6, 2017, 6:30 AM
Apple Rolls Out New Version of Apple Music
Apr 5, 2017, 10:35 AM
Apple in the News
Apr 4, 2017, 9:03 AM
More Blog Posts
Copyright 2017 DailyTech LLC. -
Terms, Conditions & Privacy Information