January 30, 2015 6:18 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of Freescale Semiconductor, Inc.

Company Overview

Freescale Semiconductor, Inc. provides embedded processing solutions. The company offers microcontrollers, processors, analog and power management products, radio frequency products, sensors, and software and tools. It serves automotive, consumer, industrial, networking, medical/health care, connectivity, motor control, and smart energy markets. The company was incorporated in 2003 and is based in Austin, Texas. It has design, research and development, manufacturing, and sales operations in the United States, the United Kingdom, Switzerland, Sweden, the Russian Federation, Romania, Mexico, Malaysia, Korea, Japan, Italy, Israel, India, Hong Kong, Germany, France, Denmark, Czech Republic, Chin...

6501 William Cannon Drive West

Austin, TX 78735

United States

Founded in 2003

18,000 Employees

Phone:

512-895-2000

Fax:

512-895-2652

Key Executives for Freescale Semiconductor, Inc.

Chief Executive Officer
Age: 51
Chief Financial Officer and Senior Vice President
Age: 48
Vice President and Chief Executive Officer of South Korean Operations
Chief Information Officer and Vice President
Senior Vice President
Age: 48
Compensation as of Fiscal Year 2014.

Freescale Semiconductor, Inc. Key Developments

Freescale Semiconductor, Inc. Initiates Redemption of Unsecured Notes Due 2020

On January 8, 2015, Freescale Semiconductor, Inc. initiated delivery to the holders of its 8.05% senior unsecured notes due 2020 notice that it will redeem $179.5 million aggregate principal amount of the 8.05% Notes, which represents all outstanding 8.05% Notes and to the holders of its 10.75% senior unsecured notes due 2020 notice that it will redeem $70.5 million aggregate principal amount of the 10.75% Notes. The redemption date is February 9, 2015. The redemption price for the 8.05% Notes is 100% of the outstanding aggregate principal amount of the 8.05% Notes to be redeemed plus the Applicable Premium and accrued and unpaid interest up to, but not including, the Redemption Date. The redemption price for the 10.75% Notes is 100% of the outstanding aggregate principal amount of the 10.75% Notes to be redeemed plus the Applicable Premium and accrued and unpaid interest up to, but not including, the Redemption Date. Freescale plans to pay the redemption price and accrued and unpaid interest using cash generated from operations and made available by operating at a lower level of cash prospectively. Each series of Notes shall be redeemed in accordance with the procedures of The Depository Trust Company. Because all the outstanding 8.05% Notes are to be redeemed, the entire outstanding amount of 8.05% Notes, as applicable, held by a Holder, even if not a multiple of $1,000, shall be redeemed. The 10.75% Notes shall be redeemed in amounts of $2,000 or whole multiples of $1,000 in excess thereof, and no 10.75% Note of less than $2,000 shall be redeemed. Upon surrender of a 10.75% Note, a new 10.75% Note or 10.75% Notes in principal amount equal to the unredeemed portion of the original 10.75% Note representing the same indebtedness to the extent not redeemed will be issued in the name of the Holder of the 10.75% Notes upon cancellation of the original 10.75% Note.

Freescale Semiconductor, Inc. Introduces New Wireless Charging Solution

Freescale Semiconductor, Inc. has extended its wireless charging portfolio with the introduction of the new 15 W Qi-compliant wireless charging solution. The solution paves the way for ultra-fast wireless recharging for a variety of larger mobile devices including tablets, large-screen smart phones and portable industrial and medical equipment. Delivering 3x the power of common 5 W charging solutions, Freescale's 15 W wireless offering provides efficient charging of larger form factor devices with higher capacity batteries, while enabling faster charging of smaller form factor devices by delivering higher power. For example, a typical tablet with a 4000 mAh battery might take over eight hours to charge from a standard USB port, while Freescale's solution could reduce this charge time dramatically to just a few hours. Freescale's new 15 W portfolio includes transmit and receive ICs complemented with flexible enablement technologies to speed the creation of wireless charging systems. Additionally, the new solution supports several major industry standards, including the Wireless Power Consortium (WPC) and the Power Matters Alliance (PMA). This targeted solution includes two 15 W ICs: the WPR1516 receiver chip and accompanying MWCT1012 transmitter chip. Developers can get to production quickly by using available corresponding firmware libraries, which provide the core functionality required to implement wireless charging systems. The solution also includes an advanced application programming interface that can be utilized to modify or adjust library functionality, allowing for the addition of custom application code and a highly tailored and differentiated end-product. Freescale's newest total system solution includes a production-ready reference design and evaluation boards for optimized performance and fast time to market. To support the WPR1516 receiver IC, Freescale provides two evaluation board options for different output power topologies, WPR1500-LDO and WPR1500-BUCK. The MWCT1012 transmit controller IC is supported with the WCT-15W1COILTX reference design.

No Bidders For Freescale Semiconductor Campus In Austin

There werer bidders for Freescale Semiconductor, Inc. campus in East Austin. The minimum bid amount was $3.25 million for the property. A spokeswoman for Auction.com said that there was lack of offers which were solicited on November 3, 2014 to November 5, 2014, but it does not mean there wasn't a lot of interest. Senior Director of public relations for Auction.com said, "My understanding is that there was a considerable amount of interest, but the reserve was not met." Attempts to reach the owners of the property were unsuccessful.

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