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March 18, 2013 12:30 pm GMT
More developments on the grim story of ST-Ericsson, the JV between Ericsson and STMicroelectronics that tried to kickstart a semiconductor business in Europe. The owners say that they have failed to find a buyer, and that they will commence splitting up the assets instead, laying off 1,600 employees in the process.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/UmSpAMWzTlY/
With No Buyer For The ST-Ericsson JV, Chipmaker Cuts 1,600 Workers And Prepares For Divorce
More developments on the grim story of ST-Ericsson, the JV between Ericsson and STMicroelectronics that tried to kickstart a semiconductor business in Europe. The owners say that they have failed to find a buyer, and that they will commence splitting up the assets instead, laying off 1,600 employees in the process.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/UmSpAMWzTlY/
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