Report: No buyer emerges for ST-Ericsson wireless chip venture

03/12/2013 | Bloomberg

After three months of searching, Ericsson and STMicroelectronics have so far failed to find a buyer for their unprofitable ST-Ericsson joint venture, which makes wireless chips, Bloomberg reports, citing six people familiar with the situation. As a result, the companies may have to shut down the JV, four of those people said. Ericsson and ST declined to comment on the report.

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