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ST-Ericsson to pass off application processor business to STM, cut 1,700 jobs
It's not every day that ST-Ericsson crosses our radar twice, but in addition to reportedly signing a deal with HTC for developing low-end handset chips, the company just announced its plans for a turnaround. The message? A heavier focus on SoCs for smartphones and tablets, along with a push for even more partnerships to develop those products. While that all sounds rosy, ST-Ericsson is also ceding its application processor business -- employees, R&D and all -- to STMicroelectronics. All told, between the loss of its application processor business and other reshuffling, the company expects to shed around 1,700 jobs -- and save about $320 million annually. Those bittersweet details and more await you in the press release after the break.
HTC and IBM hooking up to charm commercial clients
HTC is looking to turn green to blue: it's banking that its hardware expertise will meet the needs of IBM's long list of commercial clients to become a big enterprise player. At the start of IBM Lotusphere, the former PC maker showed off "smart business" applications that ran on the smartphone maker's gear. HTC's David Jaeger has set a sales target of 100 million devices, hoping that whenever big blue is "talking about Android or tablets, HTC is in the conversation." The 'lil green phone company has reportedly taken great pains to ensure its gear is secure and that the Scribe software used in the HTC Flyer and Jetstream plays nice with all of IBM's business-kit. Our tip? It might think about lowering the price on those $80 styluses before it goes schmoozing cash-strapped IT Buyers.
