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Update: China firm to acquire Freescale wireless biz

Posted: 07 May 2009 ?? ?Print Version ?Bookmark and Share

Keywords:wireless? Freescale cellular unit? DSP?

China-based communications terminal group Cosun has signed a letter of intent to buy Freescale Semiconductor's cellular product group, according to online reports. Market watcher Will Strauss, of Forward Concepts Inc., has also gone further than previous suggestions about a link between the two groups, and in his latest DSP/Wireless Newsletter stated the deal is imminent.

21st Century Business Herald, quoted Cosun subsidiary CEC Telecom chairman Wu Zhiyang as saying that the acquisition would not affect either of Cosun's listed subsidiaries, Qiao Xing Mobile Communication and handset manufacturer Qiao Xing Universal Telephone Inc.

The two subsidiaries are amongst the biggest suppliers of handsets and other terminals, but predominantly to the Chinese market.

The report stated that Cosun plans to establish a separate and independent company to run the handset chip business in Beijing if the acquisition is successful. It would invest in the group and use it as the basis of a larger semiconductor operation serving the handsets business.

There were already numerous reports last month that Cosun was looking to buy the Freescale chip unit, which has been on the blocks since last year.

But in Januaryafter failing to find a buyer for the divisionFreescale said it was considering other options, including selling it in pieces rather than holding out for a single buyer.

In his newsletter, Strauss reiterated that the pending deal would not include the LTE RF transceiver development group at Arizona, but adds this may be sold to Fujitsu, though previous suggestions have linked Samsung and ZTE as potential buyers for this unit.

- John Walko
EE Times Europe





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