Latest News
|NewsletterFreescale Semiconductor is selling off some of its SigmaTel assets, less than six months after acquiring the company.
Austin-based Freescale will sell Conexant Systems its SigmaTel multi-function printer (MFP) imaging product lines for an undisclosed price. The single-chip solutions were developed by SigmaTel, which was a leading provider of broad-based MFP imaging solutions prior to its announced acquisition by Freescale in February.
"When we complete the acquisition of Freescale's SigmaTel MFP imaging product lines, Conexant will be a leading supplier of innovative solutions to the high-growth MFP market segment," said Bernd Lienhard, senior VP and general manager of Conexant's imaging and PC media business, in a statement yesterday.
"We will also strengthen our imaging product and technology portfolio, and broaden our customer base. In addition, we gain a dedicated and experienced design team that will enable us to accelerate the introduction of advanced imaging solutions."
More than 50 Freescale employees, primarily based in Waltham, Mass, are expected to join Conexant's imaging and PC media group upon closure of the transaction, which is expected within the next 30 days.
Conexant will also acquire Freescale's SigmaTel digital photo frame product lines. SigmaTel's multimedia applications processor technology will be excluded from the acquisition.
The move comes one month after Freescale announced it had spun out its MRAM (magnetoresistive random access memory) business into an independent company dubbed EverSpin Technologies. That spinout saw Freescale shed its 50-member MRAM team and related IP, manufacturing assets, and products.
By Suzanne Deffree, Managing Editor, News - Electronic News