ST Ericsson
 |
|
| Joint venture | |
| Industry | Wireless Semiconductors |
| Fate | Financial problems (as ST-NXP Semiconductors) Dissolved and remained bankrupted in 2013 (as ST-Ericsson) |
| Predecessor | Ericsson Mobile Platforms, ST-NXP Wireless |
| Successor | STMicroelectronics, Ericsson Modems |
| Founded | 3 February 2009 |
| Defunct | 2 August 2013 |
| Headquarters | Geneva, Switzerland |
|
Key people
|
Didier Lamouche (President and CEO) |
| Revenue |
 $1.7 billion US$ (2011) |
|
Number of employees
|
5,000 (as of end 2012) |
| Parent |
STMicroelectronics (50%) Ericsson (50%) |
| Website | ST-Ericsson at the Wayback Machine (archived 13 June 2013) |
ST-Ericsson was a multinational manufacturer of wireless products and semiconductors, supplying to mobile device manufacturers. ST-Ericsson was a 50/50 joint venture of Ericsson and STMicroelectronics established on 3 February 2009 and dissolved 2 August 2013. Headquartered in Geneva, Switzerland, it was a fabless company, outsourcing semiconductor manufacturing to foundry companies.
Both Ericsson and STMicroelectronics appointed four directors to the board with Hans Vestberg, President and CEO of Ericsson, serving as the chairman of the board and Carlo Bozotti, President and CEO of STMicroelectronics, as the vice-chairman.
ST-Ericsson was formed on 3 February 2009 when STMicroelectronics and Ericsson completed the merger of Ericsson Mobile Platforms and ST-NXP Wireless into a 50/50 joint venture.
On 20 August 2008, STMicroelectronics and Ericsson announced their interest to merge their wireless semiconductor businesses. ST contributed its multimedia and connectivity products as well as their 2G/EDGE platform and 3G offering. Ericsson contributed its 3G and 3GPP Long Term Evolution (LTE) platform technology. The merger followed an existing strategic co-operation between Ericsson Mobile Platforms and ST-NXP Wireless.
Ericsson also had a venture with Sony called Sony Ericsson during 2001–2012.
On 11 December 2012, ST-Ericsson was on the brink of shutdown after its parent company STMicroelectronics decided to move out of the JV, citing loss of market share due to ST-Ericsson failing to attain Break-even. Since ST-Ericsson came into being in 2009, STMicroelectronics has slipped from 5 to 7 in global semiconductor firms' rakings.
...
Wikipedia