Intel has officially announced it has bought the satellite navigation chip business unit of ST-Ericsson. This marks the first acquisition since Intel’s new CEO took the reigns.
The mobile chip company ST-Ericsson, which was a joint venture between STMicroelectronics and Ericsson, is to close with some 1,600 employees losing their jobs.
Didier Lamouche, CEO of ST-Ericsson, has announced he will be stepping down. Lamouche, having been on the job since late 2011, is reportedly leaving to pursue other prospects. There is no named successor at this time.
ST-Ericsson has just announced that they’re going to show off a 3 GHz quad core chip at MWC next week, because why not? Sounds cool, right? Not really, because we don’t have a ship date.
Samsung’s plan for taking over the entry-level segment involves working with third-party chipset vendors like Qualcomm, Broadcom, and ST-Ericsson in order to produce models with the highest price-to-performance ratios ever.
ST-Ericsson, who you might have heard of thanks to the NovaThor platform in several of Sony’s midrange smartphones, was founded in February 2009 as a join venture between STMicroelectronics and Ericsson. According to Bloomberg, STMicroelectronics wants out. The plan is to sell their half of the company by the third quarter of next year.
Ericsson, the largest infrastructure vendor in the world, owns a chunk of a company you might have heard of called “ST-Ericsson”. The ST stands for STMicroelectronics. The two companies formed formed a 50/50 joint venture in February 2009 with the goal of taking on Qualcomm. Apparently they’re failing to achieve their targets, so much so that Reuters is reporting that Ericsson is “looking at all possible solutions” regarding the future of the joint venture.
Texas Instruments, one of the larger system on chip vendors, has just said that they’re going to “shift” their focus away from the wireless market. In case you don’t know who TI is, they make chips under the OMAP brand. The Samsung Galaxy Nexus for instance, that uses an OMAP chip, as do Amazon’s new Kindle Fire tablets. So why did the company come to this decision? Greg Delagi, Senior Vice President for Embedded Processing at TI said: “We believe that opportunity is less attractive as we go forward.”
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