More developments on the grim story of ST-Ericsson, the unprofitable JV between Ericsson and STMicroelectronics that tried to kickstart a semiconductor business in Europe. Failing to find a buyer for the full operation, they will commence splitting up the assets instead, laying off 1,600 employees in the process. → Read More
ST-Ericsson, a joint venture of STMicroelectronics and Ericsson, this morning announced it will launch a cost savings plan to achieve about $120 million of annualized savings by the end of 2012. The company, which develops a range of mobile platforms and wireless semiconductor solutions, said the plan includes a workforce review that may affect up to 500 employees.
ST-Ericsson, which says more… → Read More
ST-Ericsson, a 50/50 joint venture by STMicroelectronics and Ericsson, this morning announced its latest HSDPA platform built on the Linux OS. Dubbed U6715, the platform aims to aid handset manufacturers produce smartphones powered by Android – or other Linux-based operating systems – with a wholesale price of less than €100 ($138).
ST-Ericsson says it anticipates manufacturers to launch the… → Read More
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