11.12.2012 00:50 Uhr, Quelle: Engadget

STMicroelectronics carves new strategic plan, exiting ST-Ericsson venture

STMicroelectronics may not be a household name, but it's a name that's stamped on quite a few gizmos that you and yours have probably handled. Going forward, however, the company is announcing a new "strategic plan" that'll key in on five growth drivers while waving goodbye to a jointly held venture with ST-Ericsson. Carlo Bozotti, President and CEO of ST, stated the following: "Today we are announcing the new ST, aligned with the new market environment. Based on that, we have made the decision to exit ST-Ericsson after a transition period. We will continue to support ST-Ericsson as th

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