2g
STMicroelectronics and NXP Merge Wireless Businesses to Expand Product Breadth and Boost Innovation
Submitted by Ionela on Fri, 04/11/2008 - 07:39.
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Combining complementary organizations and portfolios will improve competitiveness, speed product development and strengthen R&D scale CEOs to host 6:30pm CET Conference Call to Discuss Transaction Geneva, Switzerland, and Eindhoven, The Netherlands - April 10, 2008 - NXP--the independent semiconductor company founded by Philips--and STMicroelectronics (NYSE:STM), a leader in delivering advanced solutions for mobile products, today announced their agreement to combine key wireless operations to form a joint-venture company with strong relationships with all major handset manufacturers. The new company will have the scale to better meet customer needs in 2G, 2.5G, 3G, multimedia, connectivity and all future wireless technologies. |
