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Ericsson, STMicro agree to split joint venture ST-Ericsson

2013-03-18 01:00:00| Total Telecom industry news

As many as 1,600 jobs will be lost as vendors shut down some operations.

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STMicro, Ericsson Said to Fail to Find Chip-Venture Buyer

2013-03-17 23:58:27| Semiconductors - Topix.net

STMicro, Ericsson Said to Fail to Find Chip-Venture Buyer - STMicroelectronics NV and Ericsson AB, the partners looking to pull out of their ST-Ericsson venture, have failed to find a buyer for the wireless chip business after a three-month search, according to six people familiar with the situation.

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ST, Ericsson find no buyer for ST-Ericsson - report

2013-03-13 09:06:00| Telecompaper Headlines

(Telecompaper) STMicroelectronics and Ericsson have failed to find a buyer for their mobile chip-making joint venture ST-Ericsson after a three-month search, six people familiar with the situation told Bloomberg. Potential buyers, including Samsung, were approached, but none made an offer, two people said. The owners now are considering winding down ST-Ericsson as one possibility. In the event of a closure, Ericsson could take back a R&D site in Lund, Sweden, while ST could take a site in Grenoble, France, according to the sources. ST-Ericsson CEO Didier Lamouche announced earlier this week that he would step down at the end of March, with no successor named. None of the companies involved would comment on the matter.

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Ericsson bags network upgrade contract from Wataniya

2013-03-12 01:00:00| Total Telecom industry news

Deal to improve Kuwaiti operator's 2G, 3G performance, prepare network for LTE launch.

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Lamouche Resigns From STMicroelectronics, Ericsson Venture

2013-03-11 17:01:39| Appliances - Topix.net

Ericsson, the semiconductor venture between STMicroelectronics NV and Ericsson AB, said Chief Executive Officer Didier Lamouche resigned as the shareholders seek to exit the unprofitable business.

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