ST brings key designers back in-house
ST is to take on ST-Ericsson’s application processor development R&D activity and then license back the technology to ST-Ericsson for integration into its ModAps (integrated modem plus application processor) for smartphones and tablets.
The two companies have also entered into a commercial agreement to jointly promote and offer stand-alone application processors and thin modems to a broader range of customers.
The partnership is looking at the transfer to ST of highly skilled employees as ST-Ericsson re-structures, joining the current ST R&D teams working on application processors. Many of these designers still work on ST sites.
“With this agreement, ST is one of very few companies to provide complete solutions based on a single application processing platform that delivers the features required by its customers and the whole ecosystem,” said Philippe Lambinet, ST’s Corporate Strategy Officer and Executive Vice President and General Manager of the Digital Sector. “By combining ST-Ericsson’s skills and deep knowledge of the smartphone and tablet business with ST’s strengths in IPs and consumer platforms, we now have capabilities that are second-to-none in mastering all of the key technologies necessary to serve the multi-screen society.”
“This is a further major step forward in our ambition for undisputed leadership in multimedia convergence, one of the two pillars of our vision together with Sense and Power,” said Carlo Bozotti, president and CEO of STMicroelectronics. “By partnering with ST-Ericsson in such a critical and R&D-intensive domain, we are able to leverage our investments over a wider range of applications and market opportunities, while capturing significant synergies benefiting both ST-Ericsson and ST. Overall, the agreement announced today well positions ST and ST-Ericsson for future success in application processors. In addition, ST, as a shareholder of ST-Ericsson, will benefit from the joint venture’s new strategic plan and expected cost savings.”
www.st.com
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