The Train Crash Called ST-Ericsson
June 30, 2011
The train crash called ST-Ericsson gets bloodier and weirder. Its latest round of restructuring - the fourth in less than three years - is blamed on "reduced demand for legacy products".
Since 'legacy products' means 'obsolescent products' it's not really surprising there's less demand for them.
Furthermore ST-Ericsson's response to this reducing demand for obsolescent products is to close an R&D centre at Basingstoke.
Aren't R&D centres supposed to make future products?
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