NXP Semiconductors has confirmed that STMicroelectronics has purchased NXP’s 20 per cent stake in ST-NXP Wireless. On August 20th 2008, STMicroelectronics and Ericsson Mobile Platforms announced an agreement to merge Ericsson Mobile Platforms and ST-NXP Wireless into a 50/50 joint venture. STMicroelectronics indicated at that date that it expected to exercise its call option to buy NXP’s 20 per cent of ST-NXP Wireless before the closing of this transaction.

The agreed purchase price is $92 million, based on the performance of ST-NXP Wireless business in the last twelve months.

………..

Other posts by :

1. Xona Space wants 259 LEO satellites
2. 36 major airlines now committed to Starlink
3. Quilty: Top 5 Washington Satellite show takeaways
4. Space Wars: Starlink vs Amazon Leo
5. Eutelsat seeks ISRO deal for launches
6. Virgin Galactic sets prices for space tourists
7. Devas vs Antrix rumbles on
8. Shotwell makes TIME front cover
9. Suitors eye Globalstar

Categories: Articles