Friday, January 20, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sharp Establishes New Research and Development Center for Home Appliances in China
Samsung Seeks Arbitration Over LCD Supply Halt
Canon May Invest In Toshiba's Chip Business
Samsung To Explain What Caused The Galaxy Note 7's ban In Press Event
Nintendo's 'Fire Emblem Heroes' Smartphone Game features in-app Purchases
Fujifilm X-T20 Features New 24MP Sensor and 4K Video Capture
Samsung Begins Rollout of Android 7.0 Nougat
European Commission Welcomes Steps Taken by Amazon, Audible and Apple to Improve Competition in Audiobook Distribution
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 Unveils New Intel Responsive Retail Platform, Announces $100 Million Investment Plan
Intel Unveils Credit Card-Sized Computer
Intel To Bring Standalone Project Alloy VR Headset By The End Of the Year
Spanning Car, Connectivity and Cloud, Intel Announces New GO Platforms For Self-Driving Vehicles
Get Ready for the Best New PCs for the New Year with New 7th Generation Intel Core Processors
Intel to Acquire 15 Percent Ownership of HERE
New Intel NUC Platforms Launching At CES 2017
Could Future Intel Chips Have AMD Graphics Inside?
Uber Creates AI Lab With Geometric Intelligence Acquisition
Intel Extreme Masters Season 11 World Championship Returns to Katowice, Poland
Intel Teams Up With Delphi and Mobileye for Self-Driving Cars
Go Master Cho Wins Final Game Against DeepZenGo AI Platform

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .