Ericsson has announced plans to invest an additional $50 million USD to expand its 5G factory in Lewisville, Texas. The factory opened in 2020 and has been shipping 5G network products, including 5G and Massive MIMO radios, to all tier-one communications service providers in the United States. This investment will allow Ericsson to accelerate production…
Ericsson to Layoff 1,200
Telephone Stock Company of LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company. It was founded in 1876 and is headquartered in Stockholm. The company specializes in information and communications technology for telecommunications service providers and enterprises, including 3G, 4G, and 5G equipment, IP, etc. It also invented Bluetooth technology…