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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
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gnss
Intel maps out plans for 3D NAND
2013-05-28 03:06:22| Semiconductors - Topix.net
The joint venture of Intel Corp. and Micron Technology Inc., IM Flash Technologies LLC , is mapping out how it will transition its memory ICs into 3D.
Intel maps out plans for 3D NAND
2013-05-28 02:34:24| Electronics - Topix.net
The joint venture of Intel Corp. and Micron Technology Inc., IM Flash Technologies LLC , is mapping out how it will transition its memory ICs into 3D.
Haswell chip primer: How Intel pinches power
2013-05-25 01:37:42| CNET News.com
Intel's Haswell processor is first and foremost about power savings. Here's how the chipmaker got a serious battery life boost. [Read more]
Intel Corporation (INTC) Option Buyers Bet On a Bounce
2013-05-24 22:53:36| Agriculture - Topix.net
The shares of Intel Corporation are down 0.9% at $23.83 , bringing their week-to-date loss to nearly 0.9%. What's more, the stock is in danger of ending beneath both its 10-day and 20-day moving averages -- which just made a bearish cross -- for the first time since mid-April. Nevertheless, option traders today are gambling on an intermediate-term ... (more)
Tags: option
corporation
intel
buyers
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