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Ericsson to exit modem business

Thursday 18 September 2014 | 08:57 CET | News
Ericsson announced it will stop developing modems and shift part of the resources to investments in radio network R&D. The company announced earlier it was reviewing the modem activities and has now decided to exit the business. Ericsson said it needs to devote more R&D resources to radio networks, especially within small cells, energy efficiency and M2M. The company sees an immediate need for around 500 new staff in this area, and parts of the modem organisation will be able to support this expansion. Ericsson took over the LTE thin modem operations as part of the breakup of the joint

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Categories: Mobile & Wireless
Companies: STMicroelectronics
Countries: World
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