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Well, that didn't take long. Even though Brian Krzanich took over the reins at Intel a mere 12 days ago, he's already authorized his first-ever acquisition. The chip giant announced it has purchased ST-Ericsson's satellite navigation chip business unit, which was put up for sale as a result of the latter's dissolving joint venture. Though terms haven't been disclosed, the sale is said to have reduced the Swiss manufacturer's annual need for cash by around $90 million. As for the sat nav unit, it'll become a part of Intel's mobile chip outfit headed under smartphone chief Mike Bell. It's all certainly in line with Krzanich's recent promise to make Intel more competitive in mobile, which should be key in its ever growing battle with that other mobile chip architecture.
Filed under: Cellphones, Networking, Intel
Source: AllThingsD
It's typically a bad sign when a major semiconductor company sees its CEO walk away, and no one in adjoining offices stops to do anything about it. Such is the case with ST-Ericsson, a (now) failed joint venture of STMicroelectronics and Ericsson. The two outfits have seemingly failed to find a suitor for the JV, leaving them with relatively few options -- poor ones at that. In a release posted today (and embedded after the break), the entity has stated that each partner company will take on some of the business, but around 1,600 jobs will be lost from the sectors that neither has interest in. ST-Ericsson was an attempt to jump-start a semiconductor business in Europe, but it actually hasn't turned a profit since forming in 2008.
Ericsson will take on the design, development and sales of the LTE multimode thin modem products, including 2G, 3G and 4G multimode, while ST will take on the existing ST-Ericsson products, other than LTE multimode thin modems, and related business as well as certain assembly and test facilities. It's expected that the particulars will clear regulatory hurdles in Q3 of this year, and in order to make sure things go as well as they can in the interim, Carlo Ferro is being appointed president and CEO of the JV starting on April 1st.
Filed under: Cellphones, Mobile
Via: TechCrunch
Source: ST-Ericsson, Ericsson
ST-Ericsson was already in some tumult after the ST half of the partnership said it was exiting the venture late last year. As we're discovering, there was a little more drama in store for 2013. CEO Didier Lamouche has resigned from the company for a tempting job prospect elsewhere, and there's no named replacement for him so far -- a slight problem when Lamouche will be out by March 31st. He's leaving ST-Ericsson in a better state than he found it, as the company is scoring key deals for phones like the Galaxy S III Mini while getting its LTE chip plans on track. Nonetheless, we suspect that remaining owner Ericsson will want that power vacuum filled quickly when there's already enough uncertainty ahead.
Filed under: Cellphones, Wireless, Mobile
Via: Computerworld
Source: ST-Ericsson
STMicroelectronics may not be a household name, but it's a name that's stamped on quite a few gizmos that you and yours have probably handled. Going forward, however, the company is announcing a new "strategic plan" that'll key in on five growth drivers while waving goodbye to a jointly held venture with ST-Ericsson. Carlo Bozotti, President and CEO of ST, stated the following: "Today we are announcing the new ST, aligned with the new market environment. Based on that, we have made the decision to exit ST-Ericsson after a transition period. We will continue to support ST-Ericsson as their supply-chain partner, advanced process-technology partner and application-processor IP provider."
From now on, the outfit will focus on MEMS and sensors, smart power, automotive products, microcontrollers, and application processors including digital consumer -- clearly, five areas where the tie-up with ST-Ericsson won't be necessary. Most analysts suggest that the two simply couldn't find a way to be competitive in the mobile chip business, with larger Asian and US-based rivals eating an increasing share of that pie. Moreover, the venture has been lagging ever since Nokia's smartphone downfall; as luck would (or wouldn't, depending on perspective) have it, Nokia was one of ST-Ericsson's bigger clients. It remains to be seen how many jobs will be lost due to this decision, and which of the remaining chip makers will be swooping in to buy up what's left.
Filed under: Cellphones, Mobile
Via: Reuters
Source: STMicroelectronics
Samsung was shy about saying just what processor lurked inside the Galaxy S III mini, which only really told us that there wasn't an Exynos inside. The chip's creator isn't content to leave the origins a secret, however: that's an ST-Ericsson NovaThor ModAp sitting inside. The combo includes both the dual-core 1GHz processor and the cellular modem on the same chip die, helping Samsung fulfill the "mini" side of the equation while keeping the costs down. We're certainly no strangers to the NovaThor line after experiencing it in Sony's equally tiny Xperia P and Xperia U. Knowing what's inside might not allay concerns that Samsung is straining to milk the Galaxy S III brand name for all it's worth, but at least you'll know what to expect for performance if you don't go full-size.
Continue reading Samsung Galaxy S III mini confirmed using ST-Ericsson's NovaThor ModAp chip
Filed under: Cellphones, Mobile, Samsung
Samsung Galaxy S III mini confirmed using ST-Ericsson's NovaThor ModAp chip originally appeared on Engadget on Thu, 18 Oct 2012 10:36:00 EDT. Please see our terms for use of feeds.
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We've been twiddling our thumbs waiting patiently for the littlest of Sony's new-look smartphone lineup, the Xperia U, to arrive in earnest. It's a bit of a relief then to see the Android 2.3 phone go on sale at Three UK. You'll be getting what we saw back in Barcelona, including Sony's Timescape interface and the trick color light-up strip. We're guessing that most will see the cheap-as-chips price as the real selling point: the Xperia U costs £170 ($269) without a plan, and it's free as in beer on a two-year contract for £23 ($36) per month. O2, Orange and T-Mobile will expand UK carrier choices soon, but if you're looking for a fresh entry point into Android, Three can take care of you today.
Sony Xperia U goes on sale at Three UK originally appeared on Engadget on Tue, 22 May 2012 04:51:00 EDT. Please see our terms for use of feeds.
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It's not every day that ST-Ericsson crosses our radar twice, but in addition to reportedly signing a deal with HTC for developing low-end handset chips, the company just announced its plans for a turnaround. The message? A heavier focus on SoCs for smartphones and tablets, along with a push for even more partnerships to develop those products. While that all sounds rosy, ST-Ericsson is also ceding its application processor business -- employees, R&D and all -- to STMicroelectronics. All told, between the loss of its application processor business and other reshuffling, the company expects to shed around 1,700 jobs -- and save about $320 million annually. Those bittersweet details and more await you in the press release after the break.
Continue reading ST-Ericsson to pass off application processor business to STM, cut 1,700 jobs
ST-Ericsson to pass off application processor business to STM, cut 1,700 jobs originally appeared on Engadget on Mon, 23 Apr 2012 22:49:00 EDT. Please see our terms for use of feeds.
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Encroaching into the semiconductor business might not seem the most obvious move for a phone manufacturer that's trying to unify its efforts. Nevertheless, China Times reports that HTC has signed a "memorandum of cooperation" with ST-Ericsson to co-develop a new dedicated chip for low-end handsets coming out next year. Since ST-Ericsson is a fabless chip designer, HTC won't risk getting silicon between its fingernails. Instead, if this agreement is what it seems, the Taiwanese manufacturer may simply want more direct control over its supply chains and to reduce its current reliance on ready-made designs from Qualcomm or NVIDIA. After all, it can't be easy for HTC's new CFO, looking on while others gobble up those margins.
China Times: HTC wants to develop its own processors for low-end phones originally appeared on Engadget on Mon, 23 Apr 2012 05:03:00 EDT. Please see our terms for use of feeds.
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