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Industry: Email Alert RSS FeedSTMicroelectronics and Ericsson announce agreement
Telecomworldwire, August 20, 2008
TELECOMWORLDWIRE-20 August 2008-STMicroelectronics and Ericsson announce agreement(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
STMicroelectronics (NYSE:STM), a provider of semiconductor solutions across the spectrum of microelectronics applications, and Ericsson (NASDAQ:ERIC), a provider of technology and services to telecom operators, have reported an agreement to merge Ericsson Mobile Platforms with ST-NXP Wireless.
The joint venture will offer semiconductors and platforms for mobile applications, supplying companies such as Nokia, Samsung, Sony Ericsson, LG and Sharp.
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ST will be contributing its multimedia and connectivity solutions and a complete 2G/EDGE platform and strong 3G offering, while Ericsson will be contributing 3G and LTE platform technology.
It is reportedly expected that ST will exercise its option to buy the 20% of ST-NXP Wireless owned by NXP before the closing of this transaction.
((Comments on this story may be sent to tww.feedback@m2.com))
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