The move may lead to 1,600 job cuts. STMicroelectronics and Ericsson have agreed to split their struggling mobile chip joint venture, which was formed in 2008. Both firms failed to seek a buyer for JV, dubbed ST-Ericsson, and decided to ...
Tags: STMicro, Ericsson, mobile chip
The company expects its sales in the wireless segment to increase by19% per year to $20bn by 2016. Swiss semiconductor firm, STMicroelectronics, expects that demand from Apple and Samsung Electronics will give a $1.4bn boost in ...
The company's Q4 loss widens Swiss semiconductor firm STMicroelectronics said it will write down about $500m to exit its struggling mobile chip joint venture, which was formed in 2008 with Swedish telecoms equipment manufacturer Ericsson. ...
Tags: semiconductor firm, STMicroelectronics, mobile chip joint venture
STMicro's new plan is aimed at boosting operating margin rapidly to a targeted 10% Swiss semiconductor firm STMicroelectronics has confirmed its plans to conclude mobile chip venture with Swedish telecoms equipment manufacturer Ericsson ...
Tags: STMicro, mobile chip venture, Ericsson