Yahoo: STMicro and NXP combine key wireless operations to form a joint-venture company. STMicroelectronics will take an 80% stake in the joint venture, while NXP will receive $1.55 billion from ST. The parents have also agreed on a possible future exit mechanism for NXP's ongoing 20% stake. The new company will be incorporated in the Netherlands and headquartered in Switzerland with approximately 9,000 employees worldwide, almost equally contributed by ST and NXP. The new joint venture does not have fabs and it will rely on its parent companies and foundries for wafer fabrication services.
Once the dust settles, we'll see whether ST image sensor business changed hands. So far it sounds like it is included in the deal, as PR specifically talks about wireless multimedia operations to which image sensors belong.
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