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UPDATE 2-STMicro says may need $500 mln to leave ST-Ericsson
Reuters: Company News
Posted on January 31, 2013 at 04:42 AM EST
SAN FRANCISCO/PARIS, Jan 31 (Reuters) - STMicroelectronics could need as much as $500 million to get out of its loss-making joint venture with Ericsson, compounding the chipmaker's problems as it battles stiff competition and weak demand.
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