ST-Ericsson to fire 1,700 employees

ST-Ericsson, as the name implies, is a joint venture that was setup between STMicroelectronics and Ericsson back in February 2009. You’ve probably never heard of them, and for good reason too. There’s no nice way of saying, so here it goes: They move at a snail’s in an industry that demands them to run like a cheetah. ST-Ericsson may have been the first company to ship an HSPA+ smartphone modem that could do 42 Mbps down, but then Qualcomm added that to their chips, along with 4G LTE. ST-Ericsson was also one of the first companies to talk about using ARM’s Cortex A15 processor, but Texas Instruments will beat them to market with the OMAP5. Let’s also not forget about the NovaThor L8540, whi... »read more

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