Ericsson, STMicroelectronics to end joint venture

STOCKHOLM (AP) — Swedish wireless equipment maker Ericsson and Switzerland's STMicroelectronics say they will lay off up to 1,600 workers globally as part of a plan for splitting up their unprofitable joint venture.



via Tech News Headlines - Yahoo! News http://news.yahoo.com/ericsson-stmicroelectronics-end-joint-venture-154926008--finance.html