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STMicroelectronics (STM +8.2%) is thinking of breaking itself up, sources tell Bloomberg. The...
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Friday, October 12, 2012, 9:39 AM ETSTMicroelectronics (STM +8.2%) is thinking of breaking itself up, sources tell Bloomberg. The company's analog chip business could be split up from its digital chip business, which is heavily exposed to the soft TV and set-top box markets, and mobile baseband chip JV ST-Ericsson, reported this week to be exploring "strategic options," might be sold. Samsung, which has been increasing its mobile chip exposure, is named as a potential buyer for struggling ST-Ericsson.
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