Intel Buys ST-Ericsson GPS Chip Unit
Posted by Sam Churchill on May 29th, 2013Intel’s new CEO, Brian Krzanich, has been on the job only 12 days and already the company has made an acquisition, buying the satellite navigation chip business unit of ST-Ericsson, a joint venture operated by STMicroelectronics, the European chip maker, and Ericsson, the Swedish telecommunications equipment company. The money-losing joint venture is being wound down [...]
