Ericsson said that the charge includes write down of assets to reflect the current best estimate of Ericsson’s share of the market value of the firm, as well as additional charges related to the available strategic options for the future of ST-Ericsson’s assets.
The disintegrating joint venture between STMicroelectronics and Ericsson, ST-Ericsson, has completed its restructuring and the transfer of business, assets and employees to Ericsson, STMicroelectronics and third party buyers.
Struggling chip maker ST-Ericsson is to be shut down and dismantled, parent companies STMicroelectronics and Ericsson said Monday.
Troubled chip vendor ST-Ericsson is to lose one of its parents, as the company looks for a way to turn its fortunes around.
European manufacturer STMicroelectronics said it has taken the decision to exit ST-Ericsson and is currently in negotiations on exit options.
A chipset from semiconductor manufacturer STMicroelectronics is promising longer battery life for smartphones when running on LTE networks. The company said that its ParaScan Tunable Integrated Capacitors (STPTIC) can electrically adjust the amount of energy transferred from the handset’s amplifier to the antenna to help maximise call performance when using multiple frequency bands, as is required by LTE handsets that have to switch between LTE and 3G radio networks.
Chip vendor ST-Ericsson has announced it will axe a quarter if its workforce and take a new strategic direction after posting a major drop in revenue and recording a deeper loss in the first quarter of 2012.
US chip shop STMicroelectronics is to merge with Ericsson’s Mobile Platforms unit and spin the resulting operation off into a joint venture, the companies said Wednesday. Acknowledged by analysts as the biggest consolidation in the chipset market so far, the 50/50 joint venture claims to have the industry’s strongest product offering in semiconductors, supplying components [...]
A handful of kit manufacturers got together on Thursday in support of an industry specification for removable memory cards and embedded memory being standardized by the JEDEC Solid State Technology Association, an open standards organisation in the semiconductor industry. Nokia, Samsung Electronics, Sony Ericsson, Micron Technology, Spansion, STMicroelectronics, and Texas Instruments are among the backers [...]