Thursday, 23 November 2017

Ericsson to take $1.2bn writedown charge on ST-Ericsson

By Nick Wood, Total Telecom
Thursday 20 December 12

Vendor rules out acquisition of chip maker following STMicro's announced intention to exit joint venture.

Ericsson on Thursday said it will take a $1.23 billion charge in the fourth quarter related to the writedown of its mobile chip joint venture ST-Ericsson. ST-Ericsson has been focusing heavily on its wireless modem business…

Ericsson on Thursday said it will take a $1.23 billion charge in the fourth quarter related to the writedown of its mobile chip joint venture ST-Ericsson. ST-Ericsson has been focusing heavily on its wireless modem business…

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