THE EUROPEAN Commission has decided not to oppose the granting of Euro 143 million, (Pounds 86 million) state aid by Italy to the Franco-Italian company ST Microelectronics for three research projects costing Euro 456 million, (Pounds 275 million).

ST Microelectronics has said it will use the money to research the development of non-volatile flash memory microchips, at its research centre at Agrate Brianza, in Italy, on condition it gets state support. Flash memory bytes, like DRAM (Dynamic Random Access Memory), may be individually ...

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