TITLE

Ericsson, STMicro to Merge Mobile Chips

AUTHOR(S)
Medford, Cassimir
PUB. DATE
August 2008
SOURCE
Red Herring;8/20/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the merger of Ericsson's and STMicroelectronics' wireless chip and related mobile components businesses into a 50-50 joint venture. The deal will merge Ericsson's Mobile Platforms group and ST-NXP Wireless, a mobile chip designing joint venture of STMicro and NXP. According to Joe Nordgaard of Spectral Advantage, the venture allows the companies to pool their resources and focus their energies on the massive amount of research and development that goes on in the markets.
ACCESSION #
36670575

 

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