Wednesday, July 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amiibo Figurine Sales Help Nintendo's First-quarter Profitability
Samsung Starts Mass Production Of First Mobile Image Sensor with 1.0µm Pixels
Windows 10 Free Upgrade Is Rolling Out
Oculus Debuts Virtual Reality Film
Nokia Releases The OZO Virtual Reality Camera for Professionals
LG Electronics 2Q Profit Slumps On Weak TV, Smartphone Sales
Qualcomm Enables Wireless Charging for Mobile Devices with Metal Cases
New Memory Memory Chip Is 1,000 Times Faster Than Flash
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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 Skylake Processors To Provide Significant Graphics Boost
Intel And Rackspace To Promote The Benefits of the Cloud Through New Initiative
Intel Hits Q2 Financial Target, Pushes Back Transition to 10nm
Intel President To Leave The Company
Intel Compute Stick Comes With Ubuntu
Intel Eyes Future of Wearables With Acquisition Of Recon
Intel To Provide Details of Current Chips, Potential Technologies for the Future of Moore's Law
Intel Releases Game Optimizations and New Drivers for Intel Graphics
Intel To Invest $125M In Technology Companies Run By Females
Intel Opens Lab to Advance Big Data Solutions for Healthcare, Smart Cities
Computex: Intel Introduces 5th Gen Intel Core Broadwell-H Processors, Thunderbolt 3, IoT And Unite Tele-conference Platform
Intel to Acquire Altera For $16.7 Billion

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .