Freescale enters into definitive agreement to purchase Mindspeed ARM processor business from MACOM

  Freescale enters into definitive agreement to purchase Mindspeed ARM
  processor business from MACOM

Addition of ARM-based, multicore product family for networking equipment
extends Freescale’s presence and reach in multiple high-volume segments

Business Wire

AUSTIN, Texas -- April 7, 2014

Freescale Semiconductor (NYSE:FSL), a global leader in embedded processing
solutions and the number one provider of communications processors for
networking equipment, has entered into a definitive agreement to purchase the
Comcerto^® CPE communications processor business of Mindspeed Technologies,
Inc. This business includes a series of multicore, ARM^®-based embedded
processors and associated software, a talented team, and Tier One customers
spanning the globe.

According to Tom Deitrich, senior vice president and general manager for
Freescale’s Digital Networking product group, the transaction will enhance
Freescale’s leadership position in multicore processors, and extend the
company’s broad product portfolio.

“This acquisition will extend Freescale’s reach into gateways and
network-attached storage at a time when both are on the cusp of advances in
ease-of-use, cloud technology, home automation and security, and the Internet
of Things (IoT),” said Deitrich. “These products will also extend the breadth
of our networking multicore processor portfolio, present new revenue growth
opportunities, and allow us to offer even more options to our customers.”

Obtained by M/A-COM Technology Solutions Holdings (MACOM) when it acquired
Mindspeed, the acquired business includes the Comcerto^® 100, 1000 and 2000
product families. The Comcerto 2000 SoC is supported by an extensive software
library and combines two 1.2 GHz ARM Cortex®-A9 CPUs with packet engines and
communications accelerators.

As part of the agreement, key members of the business will join Freescale. The
closing of the transaction is subject to customary closing conditions and is
expected to close in Q2, 2014. Terms of the deal were not disclosed.

About Freescale Semiconductor

Freescale Semiconductor(NYSE: FSL) is a global leader in embedded processing
solutions, providing industry-leading products that are advancing the
automotive, consumer, industrial and networking markets. From microprocessors
and microcontrollers to sensors, analog integrated circuits and connectivity –
our technologies are the foundation for the innovations that make our world
greener, safer, healthier and more connected. Some of our key applications and
end-markets include automotive safety, hybrid and all-electric vehicles, next
generation wireless infrastructure, smart energy management, portable medical
devices, consumer appliances and smart mobile devices. The company is based
inAustin, Texas, and has design, research and development, manufacturing and
sales operations around the world.www.freescale.com

Cautionary Note Regarding Forward-Looking Statements

This press release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements relate
to the closing of the acquisition, the anticipated benefit to Freescale’s
business and results of operations and other statements that are not
historical fact. Although we believe the assumptions upon which these
forward-looking statements are based are reasonable, any of these assumptions
could prove to be inaccurate and the forward-looking statements based on these
assumptions could be incorrect. Actual results and trends in the future may
differ materially from those suggested or implied by the forward-looking
statements depending on a variety of factors. Some of these factors include
market conditions, customary closing conditions and such other risk factors as
may be discussed in Freescale Semiconductor, Ltd.’s filings with the
Securities and Exchange Commission. We undertake no obligation to update any
information contained in this press release.

Freescale and the Freescale logo are trademarks of Freescale Semiconductor,
Inc., Reg. U.S. Pat. & Tm. Off. All other product or service names are the
property of their respective owners. ARM and Cortex are trademarks or
registered trademarks of ARM Ltd or its subsidiaries in the EU and/or
elsewhere. Comcerto is a trademark of Mindspeed Technologies, Inc. All rights
reserved. © 2014 Freescale Semiconductor, Inc.

Contact:

Freescale Semiconductor
Media/Industry Analyst Inquiries
Jack Taylor, 512-560-7143
jack.taylor@freescale.com
or
Financial Analyst/Investor Inquiries
Mitch Haws, 512-944-0790
mitch.haws@freescale.com
 
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