Following recent speculations in the market regarding the future of ST-Ericsson, the 50/50 joint venture between Ericsson and STMicroelectronics , Ericsson and STMicroelectronics make the following comments.
ST-Ericsson announced its strategic plan in April and is in the middle of executing on company transformation aiming at lowering its break-even point. It is natural for the parent companies to continuously review the strategy of the company.
The two parent companies, together with ST-Ericsson, are currently working with an external advisor in order to ensure the best possible future for ST-Ericsson. Both STMicroelectronics and Ericsson support ST-Ericsson in its transformation work and remain confident that the company has a strategic position in the industry to enable the device ecosystem.
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Ericsson, STMicroelectronics comment on speculations regarding ST-Ericsson
Following recent speculations in the market regarding the future of ST-Ericsson, the 50/50 joint venture between Ericsson and STMicroelectronics , Ericsson and STMicroelectronics make the following comments.
ST-Ericsson announced its strategic plan in April and is in the middle of executing on company transformation aiming at lowering its break-even point. It is natural for the parent companies to continuously review the strategy of the company.
The two parent companies, together with ST-Ericsson, are currently working with an external advisor in order to ensure the best possible future for ST-Ericsson. Both STMicroelectronics and Ericsson support ST-Ericsson in its transformation work and remain confident that the company has a strategic position in the industry to enable the device ecosystem.