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Mobile & Wireless

ST-Ericsson hives off part of R&D, to cut 1,700 jobs

Monday 23 April 2012 | 16:49 CET | News
ST-Ericsson announced plans to transfer part of its R&D to shareholder STMicroelectronics and cut around 1,700 jobs in an attempt to stem ongoing losses. STMicro will take over the company's application processor R&D and associated staff. ST-Ericsson will licence the resulting products for its mobile phone and tablet offerings, and the two companies will work together to promote stand-alone processors and thin modems to a broader range of customers and applications. Going forward, ST-Ericsson will focus on integrated modem plus application processor solutions for smartphones and tablets

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Categories: Mobile & Wireless
Companies: Ericsson / Nokia / ST-Ericsson / STMicroelectronics
Countries: World
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Comments

Any product plans for next Q?
Oscar Marquez @ 26/4/2012 - 09:06


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