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NXP, Freescale Semiconductor agree merger

Monday 2 March 2015 | 08:06 CET | News
NXP Semiconductors and Freescale Semiconductor have agreed a merger creating a new chipmaker with over USD 10 billion in annual sales. The new company will be market leader in automotive semiconductors and general purpose microcontroller products, while also holding a strong portfolio in growth areas such as security, connectivity and processing. Synergies from the merger are expected to lead to cost savings of USD 200 million in the first year and USD 500 million by completion of the integration. Under the terms of the agreement, Freescale shareholders will receive USD 6.25 in cash and

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