Tuesday, March 19, 2013

With No Buyer For The ST-Ericsson JV, Chipmaker Cuts 1,600 Workers And Prepares For Divorce

st-ericssonMore developments on the grim story of ST-Ericsson, the unprofitable JV between Ericsson and STMicroelectronics that tried to kickstart a semiconductor business in Europe. Failing to find a buyer for the full operation, they will commence splitting up the assets instead, laying off 1,600 employees in the process.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/UmSpAMWzTlY/

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