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| VIEW EVENT INFORMATION: Ericsson |
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With No Buyer For The ST-Ericsson JV, Chipmaker Cuts 1,600 Workers And Prepares For Divorce |
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About the organization Ericsson:
Type: Business
Sub-Types: Telecommunication, Telecommunication Hardware |
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Notable Organizations: Ericsson, Techcrunch
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| More developments on the grim story of ST-Ericsson, the unprofitable JV between Ericsson and STMicroelectronics that tried to kickstart a semiconductor business in Europe. Failing to find a buyer for the full operation, they will commence splitting up the assets instead, laying off 1,600 employees in the process. |
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