European semiconductor businesses start to unwind

It is starting to look like ST-Ericsson might shut its doors, or at least undergo a massive transformation. The joint venture between Ericsson and STMicroelectronics was supposed to revamp the European semiconductor business, but it never quite took off.

Nokia sells off modem unit for $200 million

Nokia has gutted one of its least profitable divisions, the one that sold wireless modems, as it concentrates on its mobile phone business.