STMicroelectronics to exit PC graphics market

STMicroelectronics is withdrawing from the PC graphics accelerator IC market and is currently seeking a buyer for the related assets and activities of its PC Graphics business, which accounted for about $15 million.

According the company, the potential sale is in line with ST's objective of focusing its R&D efforts on communications, automotive, computer peripherals, smart cards and digital consumers. In the digital consumer market, ST will continue to emphasize STB, DVD and digital TV receiver applications.