STMicroelectronics-NXP Semiconductor Wireless Business JV to be Named ST-NXP Wireless

(Business News & Technology News, 27 Jun 2008)

By Stephen Las Marias, Editor


NXP Semiconductors and STMicroelectronics' new joint venture will be named ST-NXP Wireless. Created from the mobile and wireless businesses of STMicroelectronics and NXP, the new company is expected to enter the market in number three position once full closure of the joint venture takes place, as scheduled, in the third quarter of 2008.

Featuring the combined capabilities of NXP and STMicro, ST-NXP Wireless is in a strong position to meet customer needs in 2G, 2.5G, 3G, multimedia, connectivity and all future wireless technologies.

The management team of ST-NXP Wireless will comprise experienced industry leaders from both parent companies. Alain Dutheil, presently COO of STMicroelectronics, will focus exclusively on the new joint venture in his new role as ST-NXP Wireless CEO.

The Executive Committee of will include:
- Abhijit Bhattacharya, currently financial controller, Multimarket Semiconductors Business Unit, NXP, who is nominated to take the position of CFO of the joint venture
- Tommi Uhari, current Executive Vice President and General manager of Mobile, Multimedia & Communications Group, STMicroelectronics
- Marc Cetto, current Executive Vice President and General Manager of Mobile & Personal Business Unit, NXP.

ST-NXP Wireless is said to be among the few companies with the scale to make the R&D investments necessary to deliver current and future wireless technologies. The joint-venture will combine key design, sales and marketing, and back-end manufacturing assets from both parent companies into a streamlined organisation that will rely on its parent companies and foundries for wafer fabrication services. ST-NXP Wireless will be headquartered in Switzerland.

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STMicroelectronics and NXP Merge Wireless Businesses


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