Freescale Semiconductor bought by private company

[Peel]

Freescale Semiconductor, maker of the G4 processor was sold for US$17.6B, or $40 per share. After being spun-off by Motorola in 2004, Freescale has been publicly traded the last two years. The $40/share offer is up 7.6% from Friday's closing price.

Freescale is being purchased by a consortium led by the Blackstone Group and includes Carlyle Group, Permira Funds and Texas Pacific Group.

[OnceUGoMac]

It doesn't surprise me. The loss of the AIM pact really hindered their production, I'd imagine. I'm not sure how well their other units fared.

[thejadedmonkey]

Next week Apple will announce that it has purchased Freescale semiconductor, and will ramp up the production of the newly announced G6 PPC chip to be used in the newly announced iTablet and iPhone due before Christmas 2006.

Well, I can dream...

[jhu]

It doesn't surprise me. The loss of the AIM pact really hindered their production, I'd imagine. I'm not sure how well their other units fared.

not really. most of their powerpc processors are in embedded applications such as cars.

[MisterMe]

not really. most of their powerpc processors are in embedded applications such as cars.This is correct. The embedded processor market is huge. There are dozens of embedded processors in every automobile. When you consider all of the automobiles, airplanes, microwave ovens, computer printers, X-ray machines, and virtually every other electronic device on the market today, Freescale has a customer base that most companies would die to serve.