It's not every day that ST-Ericsson crosses our radar twice, but in addition to reportedly signing a deal with HTC for developing low-end handset chips, the company just announced its plans for a turnaround. The message. A heavier focus on SoCs for smartphones and tablets, along with a push for even more partnerships to develop those products. While that all sounds rosy, ST-Ericsson is also ceding its application processor business - employees, R&D and all - to STMicroelectronics.
Engadget, ST-Ericsson to pass off application processor business to STM, cut 1,700 jobs
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