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ST, NXP team up to set new global wireless trends

Posted: 30 Jun 2008 ?? ?Print Version ?Bookmark and Share

Keywords:wireless? mobile? multimedia?

European chip companies, NXP BV and STMicroelectronics NV, have announced that their joint venture being set up to address mobile applications will be called ST-NXP Wireless, and will be led by Alain Dutheil as CEO.

ST-NXP Wireless is being created from the mobile and wireless businesses of ST and NXP, whose partnership generated $3 billion in revenues in 2007. The new company, 80 percent owned by ST and 20 percent owned by NXP, is set to begin operations working on 2G, 2.5G, 3G, multimedia, connectivity and all future wireless technologies in Q3 2008.

Joint venture's team
The company will comprise experienced industry leaders from both parent companies. Dutheil, presently chief operating officer of ST, has been assigned to lead ST-NXP Wireless focusing exclusively on the joint venture.

Other members of the management are: Abhijit Bhattacharya, currently financial controller for the multimarket business Unit, NXP, who is set to become chief financial officer of the joint venture; Tommi Uhari, current executive VP and general manager of mobile, multimedia and communications group, ST; and Marc Cetto, current executive VP and general manager of mobile and personal business unit, NXP.

Company's market positioning
"Its new name, ST-NXP Wireless, clearly shows the joining together of two complementary and formidable forces in the worldwide market to create a new global wireless powerhouse," said Dutheil, in a statement issued by ST.

"Our new company will be uniquely positioned to continue and extend customer relationships with the key players in the mobile and wireless industry, leveraging the passion and expertise of what is one of the best pools of talents in the industry," he stressed.

The joint venture is set to combine design, sales, marketing and back-end manufacturing assets from both parent companies and rely on its parent companies and foundries for wafer fabrication services. ST-NXP Wireless will be headquartered in Switzerland. Aiming to close in Q3 08, the deal is subject to regulatory approvals and labor council consultations.

- Peter Clarke
EE Times Europe





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