Industry Expert Blogs

Struggling STMicroelectronics took a $544m charge against its Q4 earnings resulting in a Q4 loss of $428m.

The charge relates to the intended divestment in Q3 of its 50% share in wireless jv ST-Ericsson.

ST-Ericsson says that its parents STMicroelectronics and Ericsson have cancelled the $1.5bn debt owed to them by ST-E.