November 22, 2024 11:10 am
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Freescale-NXP merger will create semiconductor powerhouse

merger

mergerBy Sue Doerfler | The Republic | azcentral.com

NXP Semiconductors’ acquisition of Freescale Semiconductor, which has two metro Phoenix locations, is expected to create a powerhouse supplier in the automotive semiconductor industry.

The $11.8 billion deal, which is projected to close during the second half of 2015, also could make the combined company a market leader in general-purpose microcontroller products, according to investment analysts.

Freescale, based in Austin, Texas, is a Motorola spin-off established in 2004 that has locations around the world. Locally, the two metro Phoenix sites, 2100 E. Elliot Road, Tempe, and 1300 N. Alma School Road, Chandler, have about 2,000 employees.

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