STMicroelectronics (STM) is in negotiations to exit ST-Ericsson, its loss-making mobile chip...

|About: STMicroelectronics NV (STM)|By:, SA News Editor

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)