Nokia and STMicroelectronics have announced the closing of previously announced deal, which was announced to deepen their collaboration on the licensing and supply of integrated circuit designs and modem technologies for 3G and its evolution.
The closing of the multifaceted agreement will transfer a core part of Nokia’s integrated circuit (IC) operations to STMicroelectronics and positions ST to design and manufacture 3G chipsets based on Nokia’s modem technologies, energy management and radio frequency technology and to deliver complete solutions to Nokia and the open market.
The agreement will include the transfer of approximately 185 highly skilled engineers and other Nokia personnel in Finland and UK to STMicroelectronics. The transfer has been subject to a personnel consultation process required by local regulations.
