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May 06, 2015 11:07 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of Freescale Semiconductor, Inc.

Company Overview

Freescale Semiconductor, Inc. provides embedded processing solutions for customers worldwide. The company offers low power 32-bit microcontrollers (MCUs), Vybrid controller solutions, multicore processors, and communication and application processors; single, dual, and multicore processors; digital signal processors, digital signal controllers, and security processors; and crypto coprocessors, 32-bit MCUs and microprocessors, 16-bit MCUs, and 8-bit MCUs. It also provides analog and power management products, radio frequency products, sensors, software and tools, and wireless connectivity solutions. The company serves automotive, Internet, consumer, industrial, networking, medical/health care...

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, President and Director
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, General Counsel and Secretary
Age: 48
Compensation as of Fiscal Year 2014.

Freescale Semiconductor, Inc. Key Developments

Freescale Semiconductor Receives Required Consents and Expiration of the Consent Solicitations Relating to Certain Outstanding Notes

Freescale Semiconductor Ltd. announced the expiration and success of consent solicitations by Freescale Semiconductor Inc. from note holders of the issuer's dollar denominated 5.000% senior secured notes due 2021 and the issuer's dollar denominated 6.000% senior secured notes due 2022, to approve amendments to, and to waive certain provisions of the indentures governing the notes. These consent solicitations were launched on 23 March 2015 and expired at 17:00 hours, New York Time on 2 April 2015. According to Freescale, at the expiration time, it received consents with respect to over two-thirds in principal amount of the then outstanding notes of each series (voting separately). Accordingly, a supplemental indenture has been entered into on the date hereof with respect to each of the indenture governing the 2021 notes and the indenture governing the 2022 notes containing the proposed amendments and the proposed waivers, which will bind all holders of the notes, including those that did not give their consent, though non-consenting holders will not receive any consent payment.

Freescale Semiconductor, Inc. Initiates Consent Solicitations Relating to Certain Outstanding Notes

Freescale Semiconductor, Inc. will solicit consents from noteholders of the Issuer's dollar denominated 5.000% senior secured notes due 2021 and the Issuer's dollar denominated 6.000% senior secured notes due 2022 to approve amendments to, and to waive certain provisions of, the indentures governing the Notes. In a release on March 23, 2015 the company noted that the Issuer is undertaking the consent solicitations at the request and expense of NXP Semiconductors N.V. pursuant to the agreement and plan of merger by and among NXP, Nimble Acquisition Limited and Freescale, pursuant to which Sub will merge with and into Freescale with Freescale surviving the Merger as a subsidiary of NXP. The solicitations of consents are not a condition to the consummation of the Merger. If the required consents are not received by the consummation of the Merger, NXP and Freescale will implement the Merger using a different structure. The adoption of the Proposed Amendments and the Proposed Waivers, with respect to each of the 2021 Notes and the 2022 Notes, requires the consents of the note holders of at least two-thirds in principal amount of the then outstanding Notes of each series (voting separately). The solicitations of consents for the Proposed Waivers and Proposed Amendments with respect to each of the 2021 Notes and the 2022 Notes are independent of each other. The Proposed Waivers will be effective and operative with respect to each of the 2021 Notes and the 2022 Notes once two-thirds of the note holders of each series (voting separately) have submitted their consents with respect to the 2021 Notes and the 2022 Notes, respectively, and not validly withdrawn them prior to the Revocation Deadline. The Proposed Waivers would, among other things, waive the note holders' right to require the Issuer to repurchase such note holder's Notes as a result of the change of control resulting from the Merger.

Freescale Semiconductor, Inc. Introduces New Analog Dual-Path Battery Charger

Freescale Semiconductor, Inc. introduced a new analog dual-path battery charger for wearable and portable internet of things, or IoT, devices. The single-cell, Li-Ion and Li-Polymer BC3770 charger is fully programmable, features a small form factor and supports fast charging for portable embedded systems, such as those based on Freescale's popular i.MX applications processors and Kinetis microcontroller (MCU) products. The new BC3770 addresses market demand for rapid charging, long battery life and uninterrupted portable operation, while incorporating features that help OEMs and systems designers avoid device overcharge and overheating. The BC3770 charger and boost regulator circuits switch at 1.5 MHz to minimize the size of external passive components, thus improving efficiency, saving space and reducing cost. Freescale's new BC3770 offers the programmability, integration and efficiency OEMs need to keep pace with demand for new IoT applications, including wearable devices, wireless game controllers and mobile point of sale terminals. The seamless integration of Freescale's power management, MCU and applications processor portfolios delivers a complete solution that speeds and simplifies the creation of increasingly complex battery-powered IoT devices. Freescale's new battery charger features a 20 V tolerant single input, and charges the battery with a current up to 2.0 A, supporting simultaneous charging and application use. To help streamline system development, a BC3770 Freescale Freedom board is available featuring a Kinetis KL25Z microcontroller with example interface software and GUI.

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