ST-NXP Wireless is all set to do business

NXP and STMicroelectronics have closed the deal that brings together key wireless operations of both companies into ST-NXP Wireless, a deal they announced in April.

The joint venture, which will start operations on Aug. 2, launches as a solid top-three industry player and as a leading supplier to major handset manufacturers.

"The wireless industry is undergoing a major change. Semiconductor companies are coming to play an ever more important role, contributing an ever larger share of the product value chain to handset makers, who expect us to deliver leading-edge solutions across the full spectrum of mobile applications," said Alain Dutheil, CEO of ST-NXP Wireless. "ST-NXP Wireless is being created to address this new paradigm; we'll be equipped with a world-class product and technology portfolio and top-league R&D capabilities to compete for leadership in the wireless and mobile-multimedia market."

Owning numerous communication and multimedia patents, ST-NXP Wireless will be well positioned with all of the vital technologies for UMTS; for the emerging TD-SCDMA standard; as well as other cellular, multimedia and connectivity capabilities—including Wi-Fi, Bluetooth, GPS, FM Radio, USB, and UWB, and full access to a license from NXP to NFC (Near Field Communication).

To be incorporated in Switzerland and headquartered in Geneva, ST-NXP Wireless will have in excess of 7,500 employees with major facilities in Belgium, China, Finland, France, Germany, India, Italy, Malaysia, Morocco, the Netherlands, Philippines, Singapore, Sweden, Switzerland, United Kingdom and the United States.