Ericsson (ERIC) and STMicro (STM) are combining their chip and mobile-apps businesses into a...

|By:, SA News Editor

Ericsson (ERIC) and STMicro (STM) are combining their chip and mobile-apps businesses into a 50/50 fabless JV that will serve their existing customers, such as Nokia (NOK), Sony (SNE) Ericsson and Sharp. A potential threat to TXN and/or QCOM.