AUSTIN, Texas -- (BUSINESS WIRE) -- Feb. 7, 2005
-- Freescale Semiconductor, Inc. (NYSE:FSL) (NYSE:FSL.B) 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. "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.