ST-Ericsson, the chipmaking joint venture between STMicro and Ericsson, announced today it will dissolve its partnership, dividing up the parts of the business between the two.
Market share for ST-Ericsson in the mobile space has shrunk as rival chipmakers Nvidia, Intel, and Texas Instruments succeeded in getting their components into popular mobile devices. As top customer Nokia lost market share to Apple and Samsung, orders for ST-Ericcson's chips have dwindled. Since the partnership's formation in 2009, Ericcson's share of the losses alone was $2.8 billion.
"All possible scenarios were considered but the option announced today … Read more