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Ericsson to shut modem business, expects savings

2014-09-18 12:10:13| Electronics - Topix.net

Ericsson, the world's top mobile network equipment market, will stop developing modems, it said on Thursday, shutting a loss-making unit it took on after joint venture partner STMicroelectronics pulled out a year ago. Europe's semiconductor firms are struggling to compete with bigger U.S. and Asian rivals, which have largely outsourced chip manufacturing to cope with volatility in demand and prices.

Tags: business savings ericsson modem

Category:Electronics and Electrical

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