Freescale completes spin-off from Motorola
"I want to welcome the new shareholders to Freescale who are joining us as a result of the spin-off," said Michel Mayer, Freescale's chairman and CEO. "Freescale is combining the best aspects of our Motorola heritage with the competitive spirit and fresh vision of a new enterprise. We are excited to have these new investors with us as we move forward," Mayer added.
Freescale is claimed to be the third-largest independent semiconductor company in the U.S. It manufactures semiconductors for automotive applications, communications processors and wireless infrastructure.
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