Latest Headlines

Latest Headlines

Ericsson profit dips despite year-on-year rise in Q3 sales

Ericsson revealed the UK and Germany were the only bright spots in its European sales in the third quarter, as it announced a 13 per cent drop in overall net income compared to the same period in 2013.

Ericsson to exit wireless-modem market, cut 1,000 jobs

Ericsson is exiting the wireless-modem business and will most likely slash about 1,000 jobs as a result. The decision comes as pricing pressure builds in the stand-alone-modem business and more device makers choose to buy system-on-a-chip solutions with modems married to application processors, which Ericsson does not offer.

Ericsson modem exit places 1,000 jobs at risk

Ericsson is consulting with workers unions and representatives over the lay off of around 1,000 staff from its modems business after announcing it will quit the sector in favour of an increased focus on its radio networks unit.

Google TV gets boost from STMicroelectronics

Google's effort to move into the TV space is getting a boost from chipmaker STMicroelectronics, which has upgraded its Software Development Kit 2 (SSDK2) to permit the development of Android-compliant devices. This includes supporting the latest Google services for TV, the chipmaker said in a press release.

Ericsson, STMicro to shutter ST-Ericsson chipset joint venture

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.

Report: Ericsson, STMicro fail to find buyer for ST-Ericsson venture

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 to take $1.2B charge in Q4 related to ST-Ericsson venture

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.

STMicro to dump stake in ST-Ericsson chipset vendor

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.

Ericsson, STMicro hire JP Morgan to advise on options for ST-Ericsson

Ericsson and STMicroelectronics appointed JP Morgan to advise on the options they have for their loss-making semiconductor venture, ST-Ericsson.

ST-Ericsson to cut jobs, offload apps processors to STMicro

ST-Ericsson said it would cut 1,700 jobs and transfer the development of its standalone applications processor business to one of its parent companies, STMicroelectronics, in a bid to change the