It has since been revealed that the joint venture will be named ST-NXP Wireless and that its management team will comprise experienced industry leaders from both parent companies. Alain Dutheil, presently chief operating officer of STMicroelectronics, has been assigned to lead ST-NXP Wireless as chief executive officer focusing exclusively on the new joint venture.
ST-NXP Wireless, which will be headquartered in Switzerland, is expected to enter the market in the number three position once full closure of the joint venture takes place, as scheduled, in the third quarter of 2008. Hence, it will be among the few companies with the scale to make the R&D investments necessary to deliver current and future wireless technologies.
The joint-venture will combine key design, sales and marketing, and back-end manufacturing assets from both parent companies into a streamlined organisation that will rely on its parent companies and foundries for wafer fabrication services.
“The new name, ST-NXP Wireless, clearly illustrates the joining together of two complementary and formidable forces in the worldwide market to create a new global wireless powerhouse,” commented Dutheil. “Our new company will be uniquely positioned to continue and extend customer relationships with the key players in the mobile and wireless industry, leveraging the expertise of one of the best pools of talents in the industry.”