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Monday, Dec 10
2012, 3:54 AM
STMicroelectronics (STM) is in negotiations to exit ST-Ericsson, its loss-making mobile chip...
STMicroelectronics (STM) is in negotiations to exit ST-Ericsson, its loss-making mobile chip joint venture with Ericsson (ERIC), by Q3 2013. STMicro's move is part of a strategy to refocus on products such as motion sensors and chips for cars as the semiconductor company looks to return to profitability and achieve an operating margin of 10%. STMicro will continue to supply ST-Ericsson with parts and IP. (PR)