a brief his­tory of Freescale

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

1952: Mo­torola launches a semi­con­duc­tor di­vi­sion. 2004: Mo­torola spins off its chip op­er­a­tions as Freescale in an IPO. The of­fer­ing raised about $1.1 bil­lion, well be­low what Mo­torola had ex­pected. 2006: In­vestors led by Black­stone Group buy Freescale for $17. bil­lion – at the time, the largest tech com­pany buy­out ever. 2009: Cit­ing de­clin­ing sales, Freescale gets out of the cell phone chip busi­ness. The chip­maker re­mains a ma­jor sup­plier to the au­to­mo­tive, com­mu­ni­ca­tions and con­sumer elec­tron­ics in­dus­tries.

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