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STMicroelectronics

Report: ST-Ericsson may end up takeover target

Reuters reports that troubled mobile chip maker ST-Ericsson is being seen as a “strategic asset” …

Struggling ST-Ericsson turns to new CEO

Loss-making chipset vendor ST-Ericsson has named Didier Lamouche as its new chief executive, as the company continues its attempt to turn a profit for the first time and moves its focus to smartphone and tablet platforms.

Ericsson promises to stick with ST-Ericsson

Ericsson has ruled out the possibility of selling its stake in loss-making semiconductor company ST-Ericsson, despite its decision today to exit its handset joint venture with Sony.

ST-Ericsson may cut another 600 jobs

Mobile chipmaker ST-Ericsson, a joint venture of STMicroelectronics and Ericsson, today announced plans to cut up to 600 more jobs as it unveiled additional cost-cutting procedures.

French government ups stake in STMicroelectronics

The French government has bought a further 2.85% stake in STMicroelectronics, Europe’s largest chipmaker, for approximately €260 million.

Merger creates “top three” mobile chipset player

European silicon vendors NXP and STMicroelectronics are to spin out their respective mobile chip businesses to create a new joint venture company worth US$3 billion.

STMicroelectronics, NXP start mobile chip JV

Netherlands-based semiconductor manufacturer NXP and Franco-Italian chipmaker STMicroelectronics have created a new joint venture, under the name of ST-NXP Wireless.

Ericsson, STMicro agree to form mobile JV

Semiconductor firm STMicroelectronics and the world’s largest mobile network infrastructure vendor Ericsson announced today they are to combine their chip and mobile applications businesses into a 50-50 joint-venture with proforma 2007 sales of US$3.6 billion.

ST-NXP gets EU nod

Reuters reports that Ericsson and chipmaker STMicroelectronics won permission from EU competition authorities today to combine their mobile chip and software businesses into a joint-venture to be known as ST-NXP.

STMicro sales to miss forecast

TheStreet.com notes that  Europe’s biggest chipmaker STMicroelectronics expects fourth-quarter revenue to decline below previous forecasts because of a slowdown in billings and demand.