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New Delhi
May 6, 2008
Freescale Semiconductor has completed its acquisition of SigmaTel, Inc,
paying $3 per outstanding share of SigmaTel stock representing approximately
$110 million in cash.
“SigmaTel's analog and mixed-signal IC technologies complement our
successful portfolio of i.MX multimedia applications processors and position our
multimedia business as a key growth driver for Freescale,” said Rich Beyer,
Chairman of the Board and CEO, Freescale Semiconductor. “With this
acquisition, Freescale enhances its technology and talent enabling us to provide
our customers worldwide with one of the broadest, most feature rich multimedia
portfolios on the market.”
Leveraging the strength of its analog-intensive, mixed-signal technology into
its highly integrated ICs, SigmaTel has established a strong presence in a range
of consumer electronics markets, including portable media players, digital
televisions and consumer audio devices. The company has been especially
successful in penetrating mid-range consumer electronics spaces due in part to a
strong presence in the Asia-Pacific region.
SigmaTel's technology will merge with Freescale's Multimedia Applications
Division, which reports to Lynelle McKay, Senior VP and GM-Networking and
Multimedia Group. Freescale will now begin incorporating SigmaTel employees into
its engineering, marketing and sales organizations worldwide.
Freescale now maintains one of the industry's comprehensive portfolios of
embedded processors based on ARM core technology for portable consumer and
automotive infotainment markets. This product lineup spans from high performance
i.MX multifunction applications processors to highly integrated devices enabling
consumer devices at aggressive price points. Page(s) 1
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