ST and NXP combine to enter wireless market

摘要

A new company has been formed that will enter the wireless technology market in Q3 2008 Created from the mobile and wireless businesses of STMicroelectronics and NXP , the joint venture will be called ST-NXP Wireless and have its headquarters in Switzerland. The business will concentrate on 2G, 2.5G and 3G, multimedia, connectivity and future wireless technologies. The management team will be made up of executives from both parent companies. The choice of company name has been chosen to illustrate the coming together of two 'complementary and formidable forces...to create a global wireless powerhouse', said STMicroelectronics' Alan Dutheil. Alain Dutheil, the current chief operating officer of STMicroelectranics, has been assigned as CEO of the new company, with Abhijit Bhattacharya, Tommi Uhari, and Marc Cetto sitting on the executive committee.