December 11, 2007 6:14 AM PST

STMicro to buy Genesis for $336 million

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Related Stories: FTC demands more details on Intel-STMicro deal
August 30, 2007; Intel, STMicro to form new flash company
May 22, 2007; Genesis-Sage deal: A marriage for growth
October 1, 2001
Related Blogs: STMicroelectronics now joins the IBM chip alliance
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July 24, 2007

European chip group's plan to buy loss-making video chip provider is part of its strategy for increased presence in consumer electronics.

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