ST-Ericsson joint venture creates wireless chip powerhouse
ST Microelectronics and mobile phone maker Ericsson have combined their wireless chip divisions into a joint venture with 8,000 employees.
The new company will be based in Geneva, Switzerland and brings together what were formally called Ericsson Mobile Platforms and ST-NXP Wireless. It is now a supplier to four of the top five cell phone makers and will have combined revenues of about $3.6 billion for 2008. It also has $400 million in cash.
Alain Dutheil will… Continue Reading
Roundup: Social network Hi5 launches its developer platform, Facebook does regular old targeted advertising, and more
Here the latest action:
Social network Hi5 publicly launches its developer platform — San Francisco-based Hi5 may be a big opportunity for developers of third-party applications that live on social networks. It is popular in places like Portugal, Thailand and select countries of Latin America. Overall, it’s one of the largest social networks worldwide, with more than 35 million monthly active users — and the company claims that only 25 percent of them also have profiles… Continue Reading