STMicroelectronics and Ericsson the creators of the NovaThor line of mobile processors announced yesterday the end of their largely nonprofitable mobile chip-making journey. The two manufacturers will split up and this split will move 1,800 employees under Ericsson throughout Sweden, Germany, India and China, while STMicro will retain about 950 employees in France and Italy.Sadly another 1,600 will lose their jobs.
It's a fact that ST-Ericsson had failed to turn a profit ever since its foundation in 2008.The reason for the decline is that the loss of orders from Nokia, and other major companies who used it in their in their phones.
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