Intel buys ST-Ericsson's satnav chip business
Date: Thursday, May 30 @ 09:44:31 UTC
Topic:
It's less than two years since Intel announced the acquisition of Israeli navigation company TelMap and now it has dipped into its war chest again with the purchase of ST-Ericsson's satnav business.
The deal includes the assets and intellectual property rights for ST-Ericsson's GNSS business. Although headquartered in Switzerland, ST-Ericsson's GNSS team has staff located in Daventry, Bangalore and Singapore and all are expected to remain in their current locations after joining Intel.
ST-Ericsson was established in 2009 as a 50:50 venture between STMicroelectronics and Ericsson. The company had a small selection of GPS system-in-package chip designs including one that incorporated a low power GPS alongside Bluetooth and FM radio receivers and another that combined GPS, GLONASS, QZSS and SBAS.
Source: stericsson.com
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