Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > General Computing > STMicro...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 09, 2012
STMicroelectronics To Pay $59 million to NXP


STMicroelectronics on April 5, 2012, had been ordered to pay approximately $59 million to NXP Semiconductors, following an award from an arbitration tribunal set up according to the rules of the International Chamber of Commerce (ICC).

The award concerns a dispute between ST and NXP and relates to a claim by NXP against ST for underloading charges to be included in the price of wafers which NXP supplied to ST's wireless JV from October 1, 2008 until December 31, 2009.

ST said it was disappointed with the results of the unexpected arbitration. However, the company is encouraged by the fact that in its award the ICC Tribunal states that it has chosen not to address certain issues which ST has raised, and that will be part of a second arbitration before the same ICC tribunal. A hearing for this second arbitration is scheduled in June 2012 with a final decision expected during the following twelve months.

"ST intends to vigorously pursue its claims in this second arbitration aiming to convince the ICC Tribunal to reverse the economic effect of its award in the first arbitration," the company said in a statement.

This award will be recognized in ST's first quarter 2012 results and is currently estimated to have a negative impact on its cost of sales. This will in turn negatively impact ST's gross margin by approximately 2.6 percentage points. Consequently, the company lowered its previously indicated guidance for the first quarter as a result of this unexpected exceptional charge to about 30.4%, plus or minus 1.5 percentage points.


Previous
Next
LG Targets Galaxy S III With New D1L Smartphone        All News        Inventor Wins Legal Round Against HP
Microsoft To Spend $1.056 Billion On Buying AOL Patents     General Computing News      Inventor Wins Legal Round Against HP

Get RSS feed Easy Print E-Mail this Message

Related News
NXP Launches Premium Sound Amplifier For Smartphones
Windows 8.1 Overtakes XP in Terms of Internet Usage
Java 8 Will Not Support Windows XP
Samsung and STMicroelectronics Sign Foundry and License Agreement
Lenovo, Tencent To offer XP Tech support in China
Blackberry Wins Patent Infingement Case Against NXP
Would You Retire XP For $100?
US-CERT Urges XP users to Retire The OS
Chinese Windows XP Users To Get Security Support After April 8
Microsoft Extends Antimalware Support for Windows XP
Microsoft Will Stop Updating Anti-Virus Software on Windows XP
Charging Mobile Devices from Shutdown PCs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .