ST-Ericsson to restructure, possibly be acquired by AMD, Intel, NVIDIA, or TI
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ST-Ericsson, the joint venture between Sweden’s Ericsson and France’s STMicroelectronics, is planning on undergoing a restructuring event within the next few weeks which may position the struggling mobile chipmaker to be viewed as a “strategic asset” by potential buyers.
The restructuring event is expected to include site closures and major layoffs. This plan to lower costs is due to be unveiled by Didier Lamouche, Chief Executive, by the end of March. »read more
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