LONDON Consumer electronics chip company Micronas Holding GmbH (Zurich, Switzerland) has announced it plans to discontinue its activities in set top boxes for television delivered by internet protocol, affecting about 100 employees in Santa Clara, Calif., and around 20 employees in Shanghai, China.
The company had previously announced plans to cut back on R&D spending and plans to sell off its U.S. operation where much of the IPTV work was based (see Oct. 11 story).
Most of the discontinuation activities are expected to be completed during the first quarter 2008, the company said.
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