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From EEtimes: Ericsson agrees to join ST’s mobile chip giant
By hui | August 23, 2008
The consolidation in the semiconductor industry continues but not necessarily in the exact way many might have expected: The planned creation of a joint venture by STMicroelectronics and Ericsson Mobile Platforms (EMP) is another waypoint in this development (Click here for whole story)
Fact Sheet:
Ericsson
Company Overview:
Ericsson opens all lines of communication. The world’s leading maker of mobile broadband infrastructure provides the equipment that telecom service providers use to build and expand networks. The company also provides wireline broadband, metro-area Ethernet, and optical transport equipment. Ericsson’s joint venture with Sony, Sony Ericsson Mobile Communications, ranks among the top providers of mobile handsets. The company is controlled by two groups: Investor AB, the investment vehicle for the Wallenberg family, and AB Industrivärden, which control 19% and 13% of the voting power respectively
STMicroelectronics
Company Overview:
STMicroelectronics (ST) is one of the world’s largest and most respected semiconductor companies; it competes with Infineon Technologies to be the #1 Europe-based chip maker and vies with Texas Instruments to be the top maker of analog chips. ST makes many types of discrete devices (such as transistors and diodes) and integrated circuits (ICs), including microcontrollers, memory chips, and application-specific ICs. It sells to manufacturers in the telecommunications, computer, consumer electronics, industrial, and automotive markets. Clients include Alcatel-Lucent, Bosch, Hewlett-Packard, and Nokia (about 21% of sales). STMicroelectronics gets more than two-thirds of its sales outside of Europe.
(Source: Hoovers)
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