STMicroelectronics and Ericsson have announced they will merge their semiconductor and mobile-phone platform activities, reports Agence France Presse in a story on Yahoo News.
The joint venture will be based in Geneva and will employ 8,000. The world’s largest maker of wireless networks and Europe’s biggest chip maker will be “an important supplier to Nokia, Samsung, Sony Ericsson, LG and Sharp,” the companies said in making the announcement.
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