[Reuters] STMicro, Ericsson split mobile chip unit, 1,600 jobs go

Posted by: UGN Security

[Reuters] STMicro, Ericsson split mobile chip unit, 1,600 jobs go - 03/18/13 02:34 AM

PARIS/STOCKHOLM (Reuters) - STMicroelectronics and Ericsson will close their loss-making mobile chip joint venture ST-Ericsson by dividing parts of the business between them and shutting the rest with the loss of about 1,600 jobs.