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Chip Firms Launch Wireless Joint Venture

Apr 11, 2008, 12:17 PM by Eric M. Zeman

Today NXP Semiconductors and STMicroelectronics announced that they will combine their wireless businesses in order to compete better in the wireless chip market. It will manufacture UMTS, TD-SCDMA, Bluetooth, Wi-Fi, and GPS chips. STMicroelectronics will assume 80% ownership of the entity as well as legal control. The combined firm will be competing with Qualcomm and Texas Instruments to supply chips to mobile device makers such as Nokia. The companies hope to have the joint venture operating by the third quarter of this year, subject to regulatory approvals.

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Comments

This forum is closed.

This forum is closed.

youareretarded

Apr 12, 2008, 1:50 PM

Intel....

I believe that STMicroelectronics is a branch or spinoff of Intel. Intel recently released a really power efficient, small processor called Atom. This might be one of the biggest pieces of news for PDA phones and cell phones in a long time. No more slow! WOOO!

youareretarded

Oops. Nevermind, Intel and STM spun off their flash memory brands into another company. This has nothing to do with STM's new venture.

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