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Ericsson, ST announce plan to split up ST-Ericsson
2013-03-18 09:04:00| Telecompaper Headlines
(Telecompaper) Ericsson and STMicroelectronics have reached agreement on a plan to split up their ST-Ericsson venture, and announced the appointment of ST-Ericsson COO Carlo Ferro as the venture's CEO from 1 April. The agreed split-up will see Ericsson take on the design, development and sales of LTE multimode thin modem products, including 2G, 3G and 4G multimode. ST will take on the other ST-Ericsson products and related businesses, as well as some assembly and test facilities. The transfer of ownership is expected to be completed during the third quarter, subject to regulatory approval. The remaining parts of ST-Ericsson will be closed down, with the potential loss of 1,600 jobs.
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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ST-Ericsson Said to Summon Workers for Strategy Update Next Week
2013-03-16 22:55:48| Semiconductors - Topix.net
STMicroelectronics NV and Ericsson AB, having failed to find a buyer for ST-Ericsson, have summoned employees at the unprofitable chip venture for a strategy update next week following a board meeting yesterday, according to two people familiar with the matter.
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ST-Ericsson Said to Summon Workers for Strategy Update Next Week
2013-03-16 13:35:02| Appliances - Topix.net
STMicroelectronics NV and Ericsson AB , having failed to find a buyer for ST-Ericsson, have summoned employees at the unprofitable chip venture for a strategy update next week following a board meeting yesterday, according to two people familiar with the matter.
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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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