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Tag: stericsson
ST-Ericsson sells GPS business to Intel
2013-05-29 00:12:24| Electronics - Topix.net
Ericsson, a money-losing joint venture being wound down by owners STMicroelectronics and Ericsson, has sold its GPS mobile business to Intel .
Tags: business
gps
intel
sells
St-Ericsson JV sells GPS mobile business
2013-05-28 11:10:36| Semiconductors - Topix.net
Ericsson, a joint venture between European chip maker STMicroelectronics and Ericsson, said on Tuesday it had sold its GPS mobile business but did not reveal the identity of the buyer or the agreed price.
Tags: business
mobile
gps
sells
ST-Ericsson to sell GNSS Business to Intel
2013-05-28 10:45:00| Telecompaper Headlines
(Telecompaper) ST-Ericsson, a joint venture of STMicroelectronics and Ericsson, announced that it has signed a definitive agreement to sell the assets and intellectual property rights (IPR) associated with its mobile connectivity Global Navigation Satellite System (GNSS) business to an unnamed semiconductor company. Intel later confirmed that it was the buyer, according to Reuters. In addition to the assets and IPR associated with this business, a team of 130 industry veterans located in Daventry (UK), Bangalore (India) and Singapore are anticipated to join the buyer at closing of the transaction. The closing of the transaction is subject to regulatory approvals and standard conditions and is expected to be completed in August this year. ST-Ericsson estimates the proceeds from the sale, combined with the avoidance of employee restructuring charges and other related restructuring costs, will reduce the joint venture's cash needs by approximately USD 90 million.
Tags: business
sell
intel
gnss
1,600 laid off as Ericsson and ST agree to split ST-Ericsson
2013-03-18 19:33:23| InfoWorld: Top News
Chip maker ST-Ericsson will be wound down as parents STMicroelectronics and Ericsson have decided to take over some parts of the company, including LTE modems and application processors, and close or sell the rest. The news comes about three months after ST announced it wanted to exit the three-year-old joint venture.[ Keep up on the day's tech news headlines with InfoWorld's Today's Headlines: Wrap Up newsletter. ]
600 Swedish jobs to go as ST-Ericsson splits
2013-03-18 12:22:10| Semiconductors - Topix.net
Hola! A few weeks ago I popped up to tell you that we had opened the doors of The Local in France.
Tags: jobs
swedish
splits
600 jobs