STMicroelectronics announces New Strategic Plan

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

STMicroelectronics has announced its new strategic plan. The plan is the outcome of a strategic review started more than a year ago, as the company saw major changes in the dynamics of the wireless market. 

“Today, we are announcing the new ST, aligned with the new market environment. Based on that, we have made the decision to exit ST-Ericsson after a transition period. We will continue to support ST-Ericsson as their supply-chain partner, advanced process-technology partner and application-processor IP provider,” said Carlo Bozotti, President & CEO, ST....See More