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Showing posts with the label Bits The Business of Technology Daily report July 23

Bits The Business of Technology Daily report July 23, 2013.

Tuesday, July 23, 2013 For the latest updates, go to » Daily Report STMicro in Public-Private Venture to Develop Chips in France | STMicroelectronics , the largest chip maker in Europe, said Monday that it planned to invest almost 2 billion euros in conjunction with the French government to develop a new line of microprocessors for smartphones, TV set-top boxes and home routers, Kevin J. O'Brien reports . The market for such chips is expected to grow to 67 billion euros this year, according to World Semiconductor Trade Statistics, an industry research organization in San Jose, Calif. The investment would allow STMicro to double its production capacity of such chips at its factory in Crolles, France, potentially making it a stiffer rival to Broadcom, Texas Instruments, Infineon Technologies and Sony. STMicro, which is based in Geneva, said it planned to spend 1.3 billion euros ($1.7 billion) through 2017 on new