NXP, Freescale complete merger

Tuesday 8 December 2015 | 09:06 CET | News
NXP Semiconductors has completed its takeover of Freescale Semiconductor, first announced in March. The new company, with annual sales over USD 10 billion, will continue under the name NXP Semiconductors, based in the Netherlands. NXP's main business will be automotive semiconductors and general purpose microcontrollers, while also holding substantial operations in security products for connected devices and identification. NXP said the takeover will add to asjuted earnings from next year. It expects USD 200 million in cost savings from the merger already in 2016 and to save eventually USD

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Categories: Mobile & Wireless
Companies: Freescale Semiconductor / NXP Semiconductors
Countries: World
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