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

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Ericsson / Nokia / ST-Ericsson / STMicroelectronics
Countries: World
::: add a comment


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

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


ST-Ericsson reports flat sales, lower operating loss in Q4

Published 31 Jan 2013 09:08 CET | World
Wireless chipmaker ST-Ericsson reported essentially flat sales of USD 359 million and a USD 133 million adjusted operating loss ...

ST-Ericsson considering strategic options - report

Published 09 Oct 2012 12:27 CET | World
Wireless chipmaker ST-Ericsson hired JP Morgan to study its strategic options in August, reports Les Echos without citing its ...

ST-Ericsson names CTO, simplifies managment

Published 01 Jun 2012 09:39 CET | World
ST-Ericsson announced the appointment of Mats Norin as Executive Vice President and Chief Technology Officer. Norin has been ...

Fitch downgrades STMicroelectronics

Published 31 May 2012 10:20 CET | World
Fitch Ratings has downgraded STMicroelectronics by a notch from triple-B-plus to triple-B, with its outlook remaining negative. ...

ST-Ericsson cuts will add USD 70 mln to ST Q4 profit - CEO

Published 24 May 2012 11:18 CET | World
STMicroelectronics' profit is set to improve thanks to higher orders and a halving of ST-Ericsson losses to USD 140 million by ...

Ericsson Q1 sales down 4%, profit up on handset sale gain

Published 25 Apr 2012 09:00 CET | World
Ericsson reported first-quarter sales down 4 percent from a year earlier to SEK 51.0 billion. Sales of network equipment dropped ...

ST-Ericsson to close site in Belgium's Zaventem

Published 24 Apr 2012 10:58 CET | Belgium
ST-Ericsson plans to close its site in Zaventem, L'Echo reported. The site employs around 100 people. The move is in line with ...

ST-Ericsson losses widen in Q1

Published 24 Apr 2012 10:21 CET | World
ST-Ericsson's net loss widened further in the first quarter, to USD 312 million from USD 178 million a year earlier. Revenues ...

ST revenue falls, profit hit by wireless

Published 24 Apr 2012 09:08 CET | World
STMicroelectronics reported a revenue of USD 2.02 billion in the first quarter, down 8 percent on the fourth quarter of 2011, as ...

ST continues to lose business from Nokia

Published 12 Mar 2012 11:03 CET | France
Nokia only accounted for 10.4 percent of Franco-Italian chipmaker STMicroelectronics' revenues in 2011, compared to 21.7 percent ...

ST-Ericsson introduces changes in senior management team

Published 09 Mar 2012 10:56 CET | World
ST-Ericsson has introduced changes in the senior management team. Ronen Ben-Hamou has been appointed as head of the company's ...

ST-Ericsson losses widen, sees further sales drop

Published 24 Jan 2012 09:33 CET | World
ST-Ericsson reported a further worsening of results in the fourth quarter and gave a bleak forecast for the quarter ahead. The ...

ST-Ericsson appoints Lamouche as CEO

Published 28 Nov 2011 09:43 CET | World
ST-Ericsson, a joint-venture of STMicroelectronics and Ericson, has appointed Didier Lamouche as president and chief executive ...

Nokia selects ST-Ericsson for Windows devices

Published 02 Nov 2011 10:27 CET | World
Nokia has selected ST-Ericsson as a supplier for future devices it plans to introduce based on the Windows Phone mobile platform. ...

DSL grows to 19.2% of total TV market
Netherlands  |  2017Q3

Calendar   /   Industry Events

21 Jan PTC'18
22 Jan ALE Connex18
23 Jan Com Hem Q4 2017
23 Jan Verizon Q4 2017
23 Jan Digi Q4 2017
23 Jan Logitech fiscal Q3
23 Jan Texas Instruments Q4 2017
24 Jan TE Connectivity fiscal Q1
24 Jan Comcast Q4 2017
24 Jan AudioCodes Q4 2017
25 Jan Intel Q4 2017
25 Jan Rogers Q4 2017
25 Jan Sky fiscal Q2
25 Jan Microsemi fiscal Q1
25 Jan STMicroelectronics Q4 2017
25 Jan 8x8 fiscal Q3
25 Jan Crown Castle Q4 2017
26 Jan Telia Q4 2017
28 Jan Saudi International Exhibition for Internet of Things 2018
29 Jan Sohu Q4 2017
29 Jan Grameenphone Q4 2017
29 Jan EMEA CTO Telecoms Forum
30 Jan Corning Q4 2017
30 Jan NEC fiscal Q3
30 Jan Dtac Q4 2017
30 Jan Juniper Networks Q4 2017
30 Jan NTT Docomo fiscal Q3
30 Jan Amdocs fiscal Q1
30 Jan FCC meeting
30 Jan Netia EGM
::: More Calendar Items