TheTechGuide Forum

General Category => News => Topic started by: Josetann on December 11, 2007, 09:14:00 AM

Title: STMicro to buy Genesis for $336 million
Post by: Josetann on December 11, 2007, 09:14:00 AM
European chip group's plan to buy loss-making video chip provider is part of its strategy for increased presence in consumer electronics.   STMicroelectronics plans to buy loss-making Genesis Microchip in a cash deal valuing the U.S. video chip provider's equity at $336 million.  The move, announced Tuesday, is...

Click here (http://\"http://news.zdnet.com/2100-9584_22-6222272.html\") to read the full article.