ST Micro and NXP merge, GloNav operations in JV



Carlo Bozotti, STMicroelectronics (right) and Frans van Houten, NXP, celebrate the deal
Carlo Bozotti, STMicroelectronics (right) and Frans van Houten, NXP, celebrate the deal
Last week NXP, the independent semiconductor company founded by Philips, and STMicroelectronics have announced their agreement to combine key wireless operations to form a joint-venture company.

The combined venture generated $3B in revenue last year and therefore expects to be a solid top-three industry player. The new company is incorporated in the Netherlands and headquartered in Switzerland with approximately 9,000 employees worldwide.

GloNav

The JV will also integrate GloNav's GPS operations recently acquired by NXP for $110 million. Based on this acquisition NXP demonstrated at the Mobile World Congress is February its first single-chip, Assisted-GPS (A-GPS) solution; which the company claims to be “the industry's smallest, lowest power, lowest system cost GPS solution” (read more here).


Monday, April 14th 2008


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