US
: Freescale Semiconductor continues to build on its technology leadership
with the acquisition of the assets of PrairieComm, Inc. Founded
in 1994, privately-held PrairieComm is a leading innovator in the
3G baseband market.
"This
acquisition supports our ability to provide comprehensive platforms
and system solutions for our customers," said Freescale Chairman
and CEO Michel Mayer ( inset ). "PrairieComm
complements our deep expertise in UMTS and 3G wireless solutions
and will enhance our leadership in the marketplace."
PrairieComm
is recognized for its world-class engineering of cellular products
including software, system-on-chip designs and platform designs.
The company has a strong background in development and sales of
CDMA, TDMA, GSM and UMTS product lines. PrairieComm is headquartered
in Rolling Meadows, Illinois, with additional offices in Atlanta,
Georgia, and Bangalore, India. About 120 employees are joining Freescale
as part of this transaction -- 60 in India and 60 in the United
States.
The acquisition
of PrairieComm's assets enables Freescale's wireless team to further
address the demands of its broad customer base while maintaining
a strong focus on its established customers.
Financial terms
of the deal will not be disclosed.
About Freescale
Semiconductor
Freescale Semiconductor,
Inc. (NYSE:FSL) (NYSE:FSL.B) is a global leader in the design and
manufacture of embedded semiconductors for the automotive, consumer,
industrial, networking and wireless markets. Freescale became a
publicly traded company in July 2004 after more than 50 years as
part of Motorola, Inc. The company is based in Austin, Texas, and
has design, research and development, manufacturing or sales operations
in more than 30 countries. Freescale, a member of the S&P 500(R),
is one of the world's largest semiconductor companies with 2004
sales of $5.7 billion (US).
Freescale(TM)
and the Freescale logo are trademarks of Freescale Semiconductor,
Inc. All other product or service names are the property of their
respective owners. (C) Freescale Semiconductor, Inc. 2005.