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Freescale completes spin-off from Motorola

Posted: 07 Dec 2004 ?? ?Print Version ?Bookmark and Share

Keywords:freescale semiconductor? motorola? semiconductor?

Freescale Semiconductor Inc. has begun its new era as a fully independent company following Motorola Inc.'s distribution of its remaining equity interest in Freescale in Dec. 2, 2004.

"I want to welcome the new shareholders to Freescale who are joining us as a result of the spin-off," said Michel Mayer, Freescale's chairman and CEO. "Freescale is combining the best aspects of our Motorola heritage with the competitive spirit and fresh vision of a new enterprise. We are excited to have these new investors with us as we move forward," Mayer added.

Freescale is claimed to be the third-largest independent semiconductor company in the U.S. It manufactures semiconductors for automotive applications, communications processors and wireless infrastructure.

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