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ST-Ericsson formed as US$3.6 billion fabless wireless business

12 February 2009 | By Mark Osborne | News > Fab Management

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ST-Ericsson formed as US$3.6 billion fabless wireless business Not quite the fabless powerhouse that is rival Qualcomm with US$11 billion in revenues in 2008 but the recent merger of Ericsson Mobile Platforms and ST-NXP Wireless has received new branding as ST-Ericsson, which had US$3.6 billion in combined sales in 2008. ST-Ericsson has been positioned as a fabless semiconductor company, which will use STMicroelectronics fabs as well as pure-play foundries for front-end fabrication and assembly and test facilities operated by STMicroelectronics.

ST-Ericsson has a claimed 85% of its workforce in R&D functions and a starting cash position of US$400 million.

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