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STMicro, Ericsson Said to Fail to Find Chip-Venture Buyer

STMicroelectronics NV and Ericsson AB, the partners looking to pull out of their ST-Ericsson venture, have failed to find a buyer for the wireless chip business after a three-month search, according to six people familiar with the situation.

As a result, the owners are considering winding down the four-year-old partnership as one option for its future, four of the people said, asking not to be named because the discussions are confidential. Potential buyers that were approached, including Samsung Electronics Co., declined to make an offer, said two of the people.