The GIS reinforces an existing collaboration between these partners. Thus, it aims to continue initial research work while adding some industrial value to it, indicated its initiators.

The trio called a press conference in late February but that was cancelled, with none of the trio giving any explanation for the move, prompting speculation that financing of the venture has run into trouble.

-or INTEL sales equal (STM+Infineon+NXP Semiconductors+$4,804 million).