Scope, Not Scale, Drives Freescale/NXP Nuptials
Junko Yoshida, EETimes
12/7/2015 08:42 PM EST
AUSTIN, Tex. — As NXP Semiconductors and Freescale Semiconductor officially completed a blockbuster merger Monday (Dec. 7), NXP CEO Rick Clemmer declined to answer an EE Times question about the number of layoffs likely to ensue. The CEO said he won’t yet know absolute numbers for a few months.
Both Clemmer and Jeff Palmer, vice president of Investor Relations, NXP, added that the jobs affected will be mostly in support functions, rather than engineering teams. “You don’t need two Investor Relations guys, or two sets of board of directors,” Palmer explained. Palmer also added, “R&D programs and key customer-facing programs won’t be cut.”
E-mail This Article | Printer-Friendly Page |
|
NXP Hot IP
Related News
Breaking News
- Packetcraft Delivers Bluetooth Software Enabling Channel Sounding to Early Access Licensees
- QuickLogic Releases Aurora 2.6 with Expanded Operating System Support and Up to 15% Faster Performance
- Rapid Silicon Introduces Revolutionary Rapid eFPGA Configurator for Hassle Free Embedded FPGA Evaluation
- Silvaco Announces Launch of Initial Public Offering
- TSMC's A16 Process Moves Goalposts in Tech-Leadership Game