ST-Ericsson confirms strategic direction

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Geneva, December 10, 2012 - ST-Ericsson confirmed today its strategic direction announced in April and continuing industrial and technology relationships with STMicroelectronics and Ericsson, following ST's decision to disengage from ST-Ericsson after a transition period.

"ST-Ericsson set a new strategic direction in April this year to develop competitive system solutions either directly or with partners. We have been executing steadily and aggressively on our strategy and delivered on our commitments," said Didier Lamouche, President and CEO of ST-Ericsson. "We have started to deliver integrated ModAp platforms to our lead customers and testing in-the-field of our cutting-edge LTE modem, as well as introducing a disruptive technology for the mobile market as we committed earlier this year."

ST-Ericsson continues its cooperation with Ericsson in the field of advanced wireless telecommunications to bring innovative and competitive modem solutions to the market.

ST-Ericsson has started to work with customers and operators on testing its innovative LTE modem which is the core of its next NovaThor and Thor platforms. This follows extensive interoperability testing with Ericsson's advanced network infrastructure as well as other network vendors.

ST-Ericsson continues its cooperation with ST as its supply chain partner, advanced process technology partner and application processor IP provider.

A NovaThor single chip modem and application processor based on ST's advanced process technology has been sampled and confirms the breakthrough nature of the technology in terms of performance boost and ultra-low power consumption. Results of this cooperation will be demonstrated next month, with ST-Ericsson's next generation NovaThor ModAp, at the upcoming Consumer Electronics Show in Las Vegas.

ST-Ericsson will continue to work on delivery on its next generation technology and continuity in execution on customer commitments and supply. 

About ST-Ericsson

ST-Ericsson is a world leader in developing and delivering a complete portfolio of innovative mobile platforms and cutting-edge wireless semiconductor solutions across the broad spectrum of mobile technologies. The company is a leading supplier to the top handset manufacturers and generated sales of $1.7 billion in 2011. ST-Ericsson was established as a 50/50 joint venture by STMicroelectronics (NYSE:STM) and Ericsson (NASDAQ:ERIC) in February 2009, with headquarters in Geneva, Switzerland.

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