Industry Expert Blogs

Reports that STMicroelectronics have failed to find a buyer for ST--Ericsson mean that only one option remains for ST-E and that is closure unless the French government bails it out.

Last December ST committed to exiting from the jv by the end of Q3. Ericsson then said  it would not buy out ST, and would take a Q4 write down charge of $1.2bn for the value of its share in the jv.

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