  ST-Ericsson on Wednesday bagged a deal from Nokia to supplier future devices based on the Windows Phone mobile platform.
“We are pleased to have been selected by Nokia as a key partner for Windows smartphones, in line with our goal to be present in all segments and major operating systems,” said Gilles Delfassy, president and CEO of ST-Ericsson. “Our NovaThor platforms continue to gain traction as they enable customers to bring great smartphones to the market.”
ST-Ericsson said its technology would enable Nokia to extend Windows Phone devices to new price points and geographies.
The news sent shares in STMicro more than 4 per cent higher, and Ericsson shares were up 2 per cent.
So far Windows Phones have addressed only the most expensive part of the smartphone market, limiting the potential audience, but Nokia has said it would seek to offer cheaper models soon. |