Ericsson and ST Microelectronics to dissolve venture
Ericsson and ST Microelectronics on Monday announced plans to dissolve their unprofitable four-year-old Swiss venture, ST-Ericsson, a move that may eliminate 1,600 jobs worldwide.
Swiss-based STMicroelectronics says it is negotiating ``exit options'' from ST-Ericsson, its joint venture with Swedish telecommunications company Ericsson.