Tag archive: Carlo Bozotti

After a profit of $20 million in the fourth quarter of 2007, European semiconductor maker STMicroelectronics has reported a massive loss for the same period this year, a $366 million net loss, according to ZDNet. As part of a move to cut costs, the company is set to lay off up to 4,500 staff. In a statement, STMicro president and chief executive, Carlo Bozotti said: "Fourth-quarter net revenues came in at the mid-point of our… Read More

Intel, the world’s largest chipmaker, has announced that it’s joining with the Swiss semiconductor maker STMicroelectronics in a new company that will sell flash memory chips.   Both companies have experienced problems with the business of flash memory chips, which are used in cell phones, digital cameras and digital music players. There are two types of flash chips, NAND and NOR; NAND chips are used in digital cameras and… Read More