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. IRIS2 free for government usage?
2. Bank: AST SpaceMobile will orbit 356 satellites by 2030
3. SpaceX launches 600th rocket
4. Starlink: 10m customers and counting
5. SES predicts end of ‘big’ Geo satellites
6. Amazon Leo gets approval for 4,504 extra satellites
7. SpaceX gets a portion of India
8. TerreStar wants to build LEO network
9. Musk: “No Starlink phone”

Categories: Articles