As reported by Bloomberg, referring to information from anonymous sources informed, STMicroelectronics and Ericsson, participating in the joint venture ST-Ericsson, could not find a buyer for his creation. The search continued for three months and were unsuccessful. Potential buyers, including Samsung Electronics, which tried to interest STMicroelectronics and Ericsson, refused to make a business proposal. In toga partners are considering the possibility of dissolving the joint venture.
STMicroelectronics and Ericsson want to exit the joint venture, in which they participate equally in the third quarter of this year. When the company Nokia, is the main customer of inexpensive chipsets ST-Ericsson, sank, ST-Ericsson had tried to force for high-performance models, but these attempts were unsuccessful.
Last December, it was reported that STMicroelectronics going to come out of the joint venture ST-Ericsson in 2013 .
This week it became known that Lamush Didier (Didier Lamouche), the third general manager of ST-Ericsson joint venture four years, resigns. he became the head of ST-Ericsson , in December 2011. The name of his successor is not named. During its existence, the joint venture incurred losses of $ 2.7 billion.
In case of dissolution of the joint venture, Ericsson will get back at his disposal Research Centre in Sweden, and STMicroelectronics - production in France.
Source: Bloomberg
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