Asked what would happen if STMicroelectronics doesn’t approve of the plan, Krysiak replied: “We’re not going to stay there forever,” reports SeekingAlpha in a transcript of an interview Krysiak had with Goldman Sachs.
Krysiak added: “I couldn’t put a date or it’s like a financial principle under which we will say enough is enough. Now certainly it’s not going to go on forever for sure. I don’t know how the management patience is. There are some limits.”
Asked if Ericsson of ST is in the driving seat on the jv, Krysiak replied: “ST is managing that for sure because it’s the semiconductor expert.”
Nonetheless when ST-Ericsson’s CTO left last week it was announced that Ericsson, not the ST-Ericsson board or ST, would be appointing the replacement.
Krysiak identified the two main problems at ST-E as being the collapse of Nokia as both a customer and a performer n its own market and ST-E’s failure to meet its new product schedule.
On the latter issue, Krysiak said: “They’re pushing hard to get the new products out, it’s their pre-occupation and they’re working with every customer you could imagine. They are not silently working in isolation. They are working every day, in Asia, in North America and with customers.”