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Bozotti denies ST-Infineon wireless JV rumors

Posted: 29 May 2008 ?? ?Print Version ?Bookmark and Share

Keywords:wireless JV? joint venture? wireless business?

STMicroelectronics NV president and CEO Carlo Bozotti informed financial analysts the company was not interested in adding Infineon's wireless communications business to the joint venture that ST is forming with NXP BV.

Responding to a question from an analyst at ST's annual 'field trip' Bozotti said: "I don't believe it makes sense to integrate the wireless activities of Infineon into our joint venture," adding "if available."

With the resignation of Wolgang Ziebart from the position of CEO of Infineon there has been speculation as to whether parts of Infineon could be sold off to private equity interests or merged with NXP which is controlled by private equity.

- Peter Clarke
EE Times Europe





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