Freescale Semiconductor (NYSE:FSL), a global leader in embedded processing solutions and the number one provider of communications processors for networking equipment, has entered into a definitive agreement to purchase the Comcerto® CPE communications processor business of Mindspeed Technologies, Inc. This business includes a series of multicore, ARM®-based embedded processors and associated software, a talented team, and Tier One customers spanning the globe.
According to Tom Deitrich, senior vice president and general manager for Freescale’s Digital Networking product group, the transaction will enhance Freescale’s leadership position in multicore processors, and extend the company’s broad product portfolio.
“This acquisition will extend Freescale’s reach into gateways and network-attached storage at a time when both are on the cusp of advances in ease-of-use, cloud technology, home automation and security, and the Internet of Things (IoT),” said Deitrich. “These products will also extend the breadth of our networking multicore processor portfolio, present new revenue growth opportunities, and allow us to offer even more options to our customers.”
Obtained by M/A-COM Technology Solutions Holdings (MACOM) when it acquired Mindspeed, the acquired business includes the Comcerto® 100, 1000 and 2000 product families. The Comcerto 2000 SoC is supported by an extensive software library and combines two 1.2 GHz ARM Cortex®-A9 CPUs with packet engines and communications accelerators.
As part of the agreement, key members of the business will join Freescale. The closing of the transaction is subject to customary closing conditions and is expected to close in Q2, 2014. Terms of the deal were not disclosed.
About Freescale Semiconductor
Freescale Semiconductor (NYSE: FSL) is a global leader in embedded processing solutions, providing industry-leading products that are advancing the automotive, consumer, industrial and networking markets. From microprocessors and microcontrollers to sensors, analog integrated circuits and connectivity – our technologies are the foundation for the innovations that make our world greener, safer, healthier and more connected. Some of our key applications and end-markets include automotive safety, hybrid and all-electric vehicles, next generation wireless infrastructure, smart energy management, portable medical devices, consumer appliances and smart mobile devices. The company is based in Austin, Texas, and has design, research and development, manufacturing and sales operations around the world. www.freescale.com
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to the closing of the acquisition, the anticipated benefit to Freescale’s business and results of operations and other statements that are not historical fact. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors. Some of these factors include market conditions, customary closing conditions and such other risk factors as may be discussed in Freescale Semiconductor, Ltd.’s filings with the Securities and Exchange Commission. We undertake no obligation to update any information contained in this press release.
Freescale and the Freescale logo are trademarks of Freescale Semiconductor, Inc., Reg. U.S. Pat. & Tm. Off. All other product or service names are the property of their respective owners. ARM and Cortex are trademarks or registered trademarks of ARM Ltd or its subsidiaries in the EU and/or elsewhere. Comcerto is a trademark of Mindspeed Technologies, Inc.
