STMicroelectronics announced its new strategic plan. The plan is the outcome of a strategic review started more than a year ago, as the company saw major changes in the dynamics of the wireless market. “Today we are announcing the new ST, aligned with the new market environment,” said Carlo Bozotti, president and CEO of ST. “Based on that, we have made the decision to exit ST-Ericsson after a transition period. We will continue to support ST-Ericsson as their supply-chain partner, advanced pr...