Monday, August 5, 2013

ST-Ericsson Split Completed

Ericsson and STMicroelectronics completed the previously announced break-up of their joint venture, ST-Ericsson.


Effective August 2, 2013 Ericsson has taken on the design, development and sales of the LTE multimode thin modem solutions, including 2G, 3G and 4G interoperability. In total, approximately 1,800 employees and contractors have joined Ericsson.

ST has taken on the existing ST-Ericsson products, other than LTE multimode thin modems, and the GNSS (Global Navigation Satellite System) connectivity solution sold to a third party, and related business as well as certain assembly and test facilities. In total, approximately 1,000 employees have joined STMicroelectronics.

http://www.ericsson.com
http://www.st.com

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