Why ST will likely sell ST-Ericsson to China

Peter Clarke, EETimes
3/15/2012 8:31 AM EDT

LONDON – Europe's largest chip company STMicroelectronics NV should persuade Ericsson AB that they sell off their mobile chip joint venture ST-Ericsson, but probably to some aspiring Chinese company. That is likely to produce the quickest and most profitable – or least loss-making – exit for the two parent companies from what has become a failed project.

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