Intel Broader Strategy - Acquiring ST-ERICSSON GPS Unit

22:49:00
Intel new CEO made his first move by buying troubled ST-Ericsson’s mobile GPS business unit. As per STMicro and Ericsson announcement in March that they would be closing or selling their troubled business unit which experienced huge fall in order as their largest customer Nokia reduced their orders. Intel move to acquire their business is focused on related intellectual property as well as skilled resource to bolster Intel’s existing and upcoming GPS technology. The flurry of collaboration in recent weeks clearly indicates Intel’s vision to refocus on mobility segment. The large customer base is going to be a differentiator for them. 

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