Ericsson (ERIC) will take a charge of 8B Swedish kroner ($1.22B) on ST-Ericsson in Q4 and is...

|By:, SA News Editor

Ericsson (ERIC) will take a charge of 8B Swedish kroner ($1.22B) on ST-Ericsson in Q4 and is exploring strategic options for the loss-making chip joint venture. However, Ericsson doesn't intend to buy out STMicroelectronics (STM), which plans to exit the 50-50 JV. ST-Ericsson will need another 3B kroner of funding from Ericsson, mainly next year. (PR)