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Ericsson, STMicroelectronics Agree on Strategic Way Forward for ST-Ericsson

Formal transfer of the relevant parts of ST-Ericsson to the parent companies is expected to be completed during 3Q 2013

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ericsson and STMicroelectronics announced an agreement on the way forward for the joint venture (JV) ST-Ericsson. As communicated by the parent companies in December 2012, both have been working together toward a strategic solution for the JV. After months of intensive joint work, the parent companies have selected the strategic option which maximizes their respective future prospects and growth plans. The main steps agreed upon to split up the JV are the following: • Ericsson will take on t...

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