Ericsson, STMicroelectronics to cut 1,600 jobs (Update)

Swedish wireless equipment maker Ericsson and Switzerland's STMicroelectronics say they will lay off up to 1,600 workers globally as part of a plan for splitting up their unprofitable joint venture.

Ericsson posts Q4 loss, but sales up

Wireless equipment maker Ericsson posted a 6.46 billion kronor ($1.02 billion) loss in the fourth quarter due to a massive one-time charge, but said Thursday its sales rose 5 percent as mobile operators invested in broadband ...

Profits plunge in Q2 for Sweden's Ericsson

(AP) — Swedish wireless equipment maker LM Ericsson saw its second-quarter profits slashed to almost a third as sales of network infrastructure slowed in China and Russia and the company focused on the more stable — ...

Semiconductor revenue up 31 percent: Gartner

Worldwide semiconductor revenue grew by 31 percent last year and Intel held the top spot for the 19th consecutive year although its market share dipped slightly, technology research company Gartner said Monday.