Tuesday, August 30, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
WhatsApp Privacy Changes Raise EU Concern
Fitbit Unveils New Fitbit Charge 2 and Fitbit Flex Fitness Trackers
Kingston Releases New Entry-level DC400 Data Center SSD
Samsung to Reveal New Quantum Dot Curved Monitors At IFA 2016
Facebook 'Trending' To Rely Less On Humans
Apple Patches iOS Security Flaws Discovered In Spyware Targeting Activist
LG To Showcase Latest OLED TVs Compatible With HDR Technologies At IFA
NHK Join Forces With Panasonic And Sony To Win The 8K TV Race
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Intel B...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, May 28, 2013
Intel Buys ST-Ericsson's GPS Business


ST-Ericsson, a joint venture of STMicroelectronics and Ericsson, today announced the sale of the assets and intellectual property rights (IPR) associated with its mobile connectivity Global Navigation Satellite System (GNSS) business to Intel.

In addition to the assets and IPR associated with this business, a team of 130 industry veterans located in Daventry (UK), Bangalore (India) and Singapore are anticipated to join Intel at closing of the transaction.

The closing of the transaction is subject to regulatory approvals and standard conditions and is expected to be completed in August, 2013. Neither company revealed the price,, but ST-Ericsson estimates the proceeds from the sale, combined with the avoidance of employee restructuring charges and other related restructuring costs, will reduce the joint venture?s cash needs by approximately $90 million.

STMicro and Ericsson announced in March they were winding down ST-Ericsson, which has been hit by a big drop in orders from Nokia and has struggled to compete with other chipmakers.

"Today's transaction validates the leading innovation developed by ST-Ericsson in mobile navigation systems and marks a further important step towards the execution of our shareholders' decision to exit from ST-Ericsson" commented Carlo Ferro, President and CEO of ST-Ericsson. "I am pleased that this organization will continue to develop leading-edge technologies and delighted that the team found a new home at a leading player in the semiconductor industry."


Previous
Next
NASDAQ Says OCZ Can Remain Listed        All News        NHK On Track To Start SHV Broadcasts in 2016
Xilinx and TSMC Team to Enable High Performance FPGAs on TSMC's 16-nanometer FinFET     General Computing News      Opera Next Released For Windows and Mac

Get RSS feed Easy Print E-Mail this Message

Related News
Intel Introduces New 3D NAND SSDs
Intel to Accelerate Altera, Autonomous Driving
Nvidia Says Intel Is Misleading With Outdated Deep Learning Benchmarks
Intel Says USB-C Audio Could Kill Traditional Headphone Jacks
2016 IDF: From Virtual Reality to Artificial Intelligence to 5G
IDF: Intel Talks About Upcoming Kaby Lake Processors And Optane SSDs
Intel To Produce 10nm ARM-based Chips LG, Others
Intel Developer Forum 2016 Report
Samsung, TSMC And Intel Set To Expand Their Chip Production Capacities In 2H
Intel Recalls Basis Peak Fitness Watches
Intel Kaby Lake Processors Coming Soon
Slow PC Market Keeps Hurting Intel

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .