On 26 November 2008, the European Commission (Commission) approved the creation of a joint venture between EMP (the wireless platform business of Ericsson) and ST-NXP (the wireless semiconductors business of STMicroelectronics). The joint venture is intended to supply wireless platforms for mobile handsets and semiconductors for mobile telecommunications. The Commission did not find any serious competition overlaps in relation to the market for wireless platforms. Although the parties are active on vertically-related markets and the joint venture would create an integrated platform supplier, the Commission’s investigation found that it was unlikely to result in a restriction of sales. The Commission therefore concluded that the proposed joint venture would not significantly impede effective competition.
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