Deals
NXP Sees Freescale Deal Needing 18 Months to Bolster Growth
- Combined product offering will take time to win chip clients
- Takeover valued at about $12 billion completed on Monday
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NXP Semiconductors NV Chief Executive Officer Rick Clemmer said it’ll take about 18 months for the takeover of Freescale Semiconductor Ltd. to boost the Dutch chipmaker’s growth rate as the merged entity begins to win contracts for its combined product line.
“Over time, we will see an acceleration of the growth rate,” Clemmer said in a phone interview. “Initially it will be just simply the growth rates of the two companies individually added together.”