Freescale sales rise by a third
Austin-based Freescale Semiconductor Holdings I Ltd. reported net sales of $1.1 billion for its second quarter, a 34 percent increase from the same period a year ago.
Freescale, which makes a variety of chips for the automotive, networking, communications and consumer electronics industries, said its loss from operations was $18 million during the threemonth period that ended July 2, compared with a loss of $345 million last year.
The company — which employs about 5,000 people in Austin and about 20,000 worldwide — took a non-cash charge of $361 million tied to the modification and extension of maturities of $4.4 billion in long-term debt.
“We are on a solid trajectory with four quarters of sequential growth,” CEO Rich Beyer said.