Agreement to develop Future Application Processors
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE STMicroelectronics has announced the next step in its multimedia convergence strategy, which will focus on offering a single application processing platform to serve a broad range of multimedia devices. ST signed an agreement with ST-Ericsson on the development of future application processors. Under the terms of the agreement, ST will take on ST-Ericsson's application processor development R&D activity and then license back its technology to ST-Ericsson for integration into their ModAps for smartphones and tablets. Additionally, the two companies entered into a commercial agreement to jointly promote and offer standalone application processors and thin modems to a broader range of customers working across the entire spectrum of electronics applications. Carlo Bozotti, President & CEO, STMicroelectronics, said, "This is a further major step forward in our ambition for undisputed leadership in multimedia conv...