Ericsson and ST-Microelectronics have completed the carve-up of chip joint venture ST-Ericsson, and commenced the process of shutting down the rest of the company. Th
ST-Ericsson has confirmed that Intel will be the buyer
Ericsson and STMicroelectronics agreed to shut down their unprofitable ST-Ericsson chipset joint venture and split up its assets, a move that will lead to a net loss of 1,600 jobs.
ST-Microelectronics and Ericsson have reportedly ended a fruitless three-month search for a buyer of their ST-Ericsson wireless semiconductor joint venture. Six separ
Ericsson and STMicroelectronics have failed to attract offers for their loss-making semiconductor joint venture after a three-month search for buyers, according to a Bloomberg report, sparking renewed speculation that the venture may be coming to an end soon.
Ericsson and STMicroelectronics have tried and failed over the past three months to find a buyer for their struggling ST-Ericsson chipset joint venture, according to a Bloomberg report.
Ericsson is pushing further into the TV and media business with the acquisition of IT consultancy Devoteam's Telecom & Media operations in France. The move will see 400 French-based consultants with expertise in IP multimedia subsystems, delivery platforms and radio/TV networks join Ericsson by the second quarter.
Chipmaker ST-Ericsson is battling the contention that phones offering voice over LTE have battery life issues, saying such issues are restricted to first-generation LTE chipsets and devices running simultaneous voice and LTE (SVLTE) service during VoLTE calls.
Ericsson said it will take a $1.2 billion charge in the fourth quarter related to its money-losing chipset joint venture with STMicroelectronics, ST-Ericsson, as it explores future options for the company.
STMicroelectronics said it will sell off its stake in ST-Ericsson, the struggling chipset maker that STMicro jointly owns with Ericsson. STMicro said that as a result of strategic changes it is making it will exit its stake in the venture after a transition period, which is expected to end during the third quarter of 2013.