a brief history of Freescale
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.