Everything about Freescale totally explained
Freescale Semiconductor, Inc. is an
American semiconductor manufacturer. It was created by the divestiture of the Semiconductor Products Sector of
Motorola in
2004. Freescale focuses their
integrated circuit products 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,
2003 to create Freescale. Freescale completed its
IPO on
July 162004 at an
IPO price 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
Motorola Shareholder Letter
.
Products
Automotive
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
Other major parts
Other major parts of Freescale's semiconductor business are
wireless and
mobile products, and
networking chips. Freescale had also been a source of
PowerPC microprocessors (ICs) for
Apple Computer's
PowerBooks and
Mac mini products until the
Apple Intel transition in 2006. They joined
Power.org in 2006 as a founding member to develop and promote the use of
Power Architecture.
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.
Buyout
On Friday,
September 15,
2006 Freescale agreed to accept a
buyout for 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,
2006 voted 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 buyouts of all time.
Competitors
Further Information
Get more info on 'Freescale'.
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