STMicro Plans to Exit Loss-Making Wireless Venture

STMicroelectronics NV, the European chipmaker struggling with weakening demand and competition from Asia, will sell its stake in the ST-Ericsson joint venture by the third quarter of next year as part of a new strategy to make the company more profitable.

Full Show: Bloomberg Businessweek (03/24)
40:59 - Bloomberg Television takes you behind the scenes of our award-winning magazine "Bloomberg Businessweek." Hosts Carol Massar and Oliver Renick talk with the writers who break news on a weekly basis. (Source: Bloomberg)
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