- Freescale Semiconductor
company_name = Freescale Semiconductor, Inc.
company_type = Private
company_slogan = Making the world a smarter place
Spin-offfrom Motorolain 2004
Rich Beyer, CEO Lisa Su, CTO
num_employees = 24,000
revenue = profit$5.7 billion USD (
operating_income = profit$1.9 billion USD (
net_income = loss-$1.6 billion USD (
homepage = [http://www.freescale.com/ www.freescale.com]
Freescale Semiconductor, Inc. is an American
semiconductormanufacturer. It was created by the divestiture of the Semiconductor Products Sector of Motorolain 2004. Freescale focuses their integrated circuitproducts on the automotive, embedded and communications markets. Freescale is among the Worldwide Top 20 Semiconductor Sales Leaders.
History and products
Motorola announced that their semiconductor division would be divested on
October 6, 2003to create Freescale. Freescale completed its IPO on July 16, 2004at an IPOprice of $13. In its announcement, it estimated the stock price to be $17.50-$19.50 but following a cooling of the market towards tech stocks, it lowered its price to $13. Existing shareholders of Motorola stock received 0.110415 shares of Freescale stock for every share of Motorola stock as a dividend which was distributed on December 2, 2004 [http://media.corporate-ir.net/media_files/irol/90/90829/reports/112604infoformot.pdf Motorola Shareholder Letter] .
Freescale is the leading semiconductor supplier to the
automotive industry. Modern cars use electronics to manage the engine for peak performance and to reduce emissions, and Freescale is the largest supplier of engine system microcontrollers in the world. Automotive safety systems such as anti-lock brakes and airbags also use microcontrollers and analog power management circuits from Freescale. Freescale also produces a range of integrated sensor products such as accelerometers and pressure sensors.
Freescale's SMARTMOS analog portfolio provides power actuation and multiple switch detect interface family ICs, system basis chips for hybrid vehicles [http://www.freescale.com/files/shared/doc/selector_guide/SG2027.pdf?WT_TYPE=Selector%20Guides&WT_VENDOR=FREESCALE&WT_FILE_FORMAT=pdf&WT_ASSET=Documentation]
Other major parts
Other major parts of Freescale's semiconductor business are
wirelessand mobile products, and networking chips. Freescale had also been a source of PowerPCmicroprocessors (ICs) for Apple Computer's PowerBooks and Mac miniproducts until the Apple Intel transitionin 2006. They joined Power.orgin 2006 as a founding member to develop and promote the use of Power Architecture. CherryPal, a new PC maker, will reintroduce the Power Architectureto the personal computer market with the forthcoming July 2008 launch of its CherryPal cloud-computer.
In 2006 the company announced a new
Integrated Circuit(IC) which stores information without requiring continuous power. The technology, called magnetoresistive random-access memory ( MRAM), stores data by relying on magnetic properties instead of an electrical charge. Freescale started commercial shipments of the 4-Mbit MRAM IC on July 10, 2006, with small volume sales priced at $25 per chip.
September 15, 2006Freescale agreed to accept a buyoutfor the sum of $17.6 billion ($40 per share) by a consortium led by Blackstone Group LP. Share prices of $13 at the July 2004 IPO had risen to $39.35 in afterhours trading that Friday when the news, rumored that week, broke. A special shareholders meeting on November 13, 2006voted to accept the buyout offer. The purchase, which closed on December 1, 2006, is reportedly the largest private buyout of a technology company and one of the ten largest buyoutsof all time. [ [http://www.theregister.co.uk/2006/09/15/freescale_accepts_takeover_offer/ Freescale sells itself for $17.6bn cash – or more] 15th September 2006] [ [http://www.thestreet.com/_googlen/newsanalysis/techsemis/10313043.html Freescale Took Scenic Buyout Route] October 4, 2006 ] [ [http://www.microcontroller.com/news/freescale_buyout.asp Freescale Semiconductor Bought Out by Blackstone for $17.6Billion] September 25, 2006] [ [http://phx.corporate-ir.net/phoenix.zhtml?c=196520&p=irol-newsArticle&ID=937966 Consortium of Private Equity Firms Completes Acquisition of Freescale Semiconductor] December 1, 2006]
* [http://www.am.necel.com/micro/index.html/ NEC Electronics]
List of Freescale products
* [http://www.freescale.com/ Corporate website]
* [http://forums.freescale.com/ Freescale Community - Technical Support]
* [http://www.freescale.com/Support Freescale Official Support]
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