On July 29, 2008, NXP Semiconductors (an independent semiconductor company established by Philips) and STMicroelectronics, a leader in mobile communication solutions, announced that they announced on April 10, 2008 that they will integrate their core wireless businesses to form a joint venture company ST- The NXP Wireless transaction has been completed. The new joint venture will begin operations on August 2. As the top three in the global industry, ST-NXP Wireless has a complete wireless product and technology portfolio and is a leading supplier of major mobile phone manufacturers in the world, and these mobile phone manufacturers add up Global market share exceeds 80%. The research and development scale and industry expertise of ST-NXP Wireless can meet customers' demands for 2G, 2.5G, 3G, multimedia, connection technology and future wireless technology, which is one of the few in the industry.
ST-NXP Wireless will inherit the successful business of US $ 3 billion in sales created by both parent companies in 2007. After the transaction is completed, STMicroelectronics will own 80% of the shares in the new joint venture, including a control premium, and pay NXP $ 1.55 billion. The new company will have a cash position of approximately US $ 350 million and will be in a healthy financial position to develop business with all wireless customers.
Mr. Alain Dutheil, CEO of ST-NXP Wireless, said: "The wireless industry is undergoing a tremendous change. Semiconductor companies will play an increasingly important role and make greater contributions to the product value chain of mobile phone manufacturers. Mobile phone manufacturers expect us Leading solutions can be provided in all mobile applications. ST-NXP Wireless came into being, we have a world-class product and technology portfolio, and the foremost research and development strength, will lead the industry to change, become wireless and mobile multimedia Market leader. "
ST-NXP Wireless has thousands of important communications and multimedia patents, including UMTS, the emerging TD-SCDMA standard, and includes WiFi, Bluetooth, GPS, FM radio, USB, UWB, NFC (authorized by NXP), etc. Other key technologies in the field of cellular, multimedia and connectivity are therefore in a good position to effectively provide global customers with wireless and multimedia comprehensive solutions covering all applications.
ST-NXP Wireless' senior management team will consist of experienced industry experts from two parent companies. Alain Dutheil, the current chief operating officer of STMicroelectronics, was appointed CEO of ST-NXP Wireless, devoting all his energy to leading the new joint venture. The members of the ST-NXP Wireless executive committee led by Alain Dutheil also include: Abhijit Bhattacharya, currently the financial director of the NXP Semiconductors Multimarket Semiconductor Division, will serve as the chief financial officer of the joint venture; now the executive vice president and mobile, multimedia of any semiconductor Tommi Uhari, general manager of the communications department, and Marc Cetto, executive vice president and general manager of NXP Semiconductors ’mobile and personal mobile communications business units, were appointed executive vice presidents and general managers of ST-NXP Wireless.
ST-NXP Wireless will integrate the design, marketing, and back-end manufacturing core assets and facilities of the two parent companies into a flexible company. The new company's financial structure is designed to be low capital intensive and only operates its own packaging and testing facilities. Front-end wafer manufacturing will entrust two parent companies and wafer foundries for production.
ST-NXP Wireless will be registered in Switzerland, headquartered in Geneva, with approximately 7,500 employees worldwide. The main facilities are located in Belgium, China, Finland, France, Germany, India, Italy, Malaysia, Morocco, Netherlands, Philippines, Singapore, Sweden, Switzerland, the United Kingdom and the United States.
Onlyrelx Bar2000 Dual Flavor
Onlyrelx Bar2000 dual flavor is portable and fashion disposable electronic cigarette, disposable ecigs pen are trending featured vape pen for vapors as it's safety and easy to use. Disposable vape pod,disposable vape, wholesale vape,vape wholesale,vape pen manufacturer and supplier.disposable vape pen,disposable electronic cigarette,disposable ecigs pen,disposable ecigs stick,disposable e-cigs pen,disposable vape factory,disposable vape pod,disposable vape device,vape pen,vape stick, vape wholesale,wholesale vape,customized dispsoable vape pen,customized vape pen,OEM&ODM disposable ecigs pen,disposable electronic cigarette wholesale, wholesale disposable electronic cigarette,distribute vape pen,vape pen distribute,high quality vape pen,high quality vape pod,rechargeable disposable vape pen,refillable vape pen,refilling electronic cigarette,rechargeable disposable electronic cigarette,refillable vape pod,disposable refillable ecigs,disposable refilling e-cigs pen,refillable e-cigs pen
Onlyrelx Bar2000 Dual Flavor,Disposable Vape Pen E-Cigarette,Disposable Vaporizer E-Cigarette,Best Electronic Cigarette Vape Pen
Shenzhen Onlyrelx Technology Co.,Ltd , https://www.onlyrelxtech.com