ST Electronics to invest US$20 mil in joint venture with SatixFy UK

SINGAPORE (Feb 6): ST Engineering’s subsidiary, ST Electronics, has signed a joint venture agreement with UK-based antenna chip manufacturer SatixFy UK.

The signing, at the sidelines of the Singapore Airshow, will see ST Electronics invest US$20 million ($26 million) for a 49% stake in the new JV, which will be set up in the UK.

The agreement is part of ST Electronics’ strategy to develop a state-of-the-art satellite antenna system to deliver enhanced in-flight connectivity for commercial aviation.

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