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Ericsson to Shut Down Modem Business From Former STMicro Venture

2014-09-18 13:28:25| Appliances - Topix.net

Ericsson AB, the largest maker of wireless networks, will shut down a chip business it took over from a former venture with STMicroelectronics NV. Talks with employees are underway over the decision to stop development of so-called LTE thin modems, which go into devices to let them connect to faster mobile-phone networks, Stockholm- based Ericsson said today.

Tags: business ericsson modem venture

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