Ericsson and STMicroelectronics to merge

STMicroelectronics and Ericsson are going to merge Ericsson Mobile Platforms and ST-NXP Wireless into a 50/50 joint venture, producing chips and other mobile components for a number of mobile manufacturers including Nokia, Samsung, Sony Ericsson, LG and Sharp. [Press release]

Ericsson publishes Q2 results

Ericsson has reported second-quarter results that show a 70% drop in profits to 1.9 billion Kronor (£159 million), with the Sony Ericsson partnership blamed for much of the fall. [Sources: Press release; TimesOnline.co.uk]