English
ST Exits Set-Top Box Chip Biz, Plans Layoffs
Peter Clarke, EETimes
1/27/2016 11:50 AM EST
LONDON—STMicroelectronics NV has said it will stop developing products for the set-top box and home gateway markets and plans to lay off up to 1,400 workers out of its total headcount of more than 43,000.
In 2016 that workforce "re-alignment" is expected to affect about 1,000 employees of which about 150 are based in France. Going forward ST intends to focus on automotive and industrial applications and the Internet of Things including such areas as smart home and smart city applications.
|
E-mail This Article | 
|
|
Printer-Friendly Page |
|
||||||
Related News
- VeriSilicon's Artificial Intelligence Processor IP Used in Next-Generation Large Screen Smart Home System-on-Chip (SoC)
- Montage LZ Technologies Selects Rambus CryptoMedia Core to Secure Set-Top Box Chips
- Kilopass Anti-Fuse NVM OTP IP Designed into Montage Technology Next Generation Set-Top Box Chips Targeting Emerging Market Environments
- Montage Technology Licenses Allegro DVT's Latest Multi-Format Video Encoder IP for Next Generation Set-Top Box Chips
- Montage Technology Standardizes on Arteris FlexNoC Interconnect IP Licenses for Set-Top Box (STB) Chips
Breaking News
- Jury is out in the Arm vs Qualcomm trial
- Ceva Seeks To Exploit Synergies in Portfolio with Nano NPU
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys Acquisition
- Alphawave Semi Scales UCIe™ to 64 Gbps Enabling >20 Tbps/mm Bandwidth Density for Die-to-Die Chiplet Connectivity
- RaiderChip Hardware NPU adds Falcon-3 LLM to its supported AI models