Peter Clarke, EETimes
12/12/2012 12:01 AM EST
It is no easy matter turning around a large operation like European chip company STMicroelectronics. That's why its critical to get ahead of the tidal forces that are shaping electronics to buy the time required, particularly when the hole you are in is largely of your own making.
ST's strategic plan presented on Monday (Dec. 10) was described only in general terms and included the bare minimum announcement needed to satisfy industry watchers and financial analysts: that ST would exit its joint venture with Ericsson. What's more, ST CEO Carlo Bozotti has given himself until the end of the third quarter of 2013 to achieve the exit.