STMicroelectronics Inc. (STM, Geneva, Switzerland) and Alcatel Microelectronics (Belgium) announced, after receiving approval from the European and US anti-trust authorities, the completion of the acquisition of Alcatel Microelectronics by STMicroelectronics.
As part of this cash transaction of Euro 390 million, the two companies are entering into a cooperation for the joint development of DSL chip-sets that will also be made available to the open market. The agreement will also make STMicroelectronics a preferred supplier of Alcatel, thus expanding their long-standing strategic alliance.
