Displaying items by tag: STMicroelectronics

Tuesday, 11 December 2012 23:46

STMicroelectronics leaves ST-Ericsson


STMicroelectronics intends to get out of a joint company with Ericsson to manufacture mobile chip due to loses they have in this project. But analysts warn that STMicroelectronics will not be able to exit easily from the investment that just last year operated with a loss of $841 million, beside that Ericsson probably will not be interested in completely taking over the company.

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