ST may spend $500M to restructure, untangle itself from ST-Ericsson

01/30/2013 | Bloomberg

STMicroelectronics estimates that its corporate restructuring and pulling out of the loss-ridden ST-Ericsson joint venture may cost $300 million to $500 million. "The first priority for 2013 is the transition out from ST-Ericsson," CEO Carlo Bozotti said.

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