Monday, 18 March 2013

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

More developments on the grim story of ST-Ericsson, the JV between Ericsson and STMicroelectronics that tried to kickstart a semiconductor business in Europe. The owners say that they have failed to find a buyer, and that they will commence splitting up the assets instead, laying off 1,600 employees in the process.]]>

View the Original article