Monday, 2 March 2015

Merger Announced between NXP & Freescale

NXP has merged with Freescale to create a super company worth a staggering $40 billion!! The two companies will work together to provide near field communication items and portable devices.

“Today’s announcement is a transformative step in our objective to become the industry leader in high performance mixed signal solutions. The combination of NXP and Freescale creates an industry powerhouse focused on the high growth opportunities in the Smarter World.” said Richard Clemmer, NXP Chief Executive Officer. Mr. Clemmer will continue to be the President and Chief Executive Officer of the merged company.

“We believe this merger, which combines two highly successful and complementary companies, will create significant value for Freescale’s and NXP’s shareholders, customers and employees. Both companies have built leadership positions and have a sharp focus on delivering superior value to customers.” said Gregg Lowe, Freescale Semiconductor President and Chief Executive Officer.

The industry focus on connectivity and The Internet of Things is a huge driver for both companies. The combined products and innovations of these two will lead to very exciting developments in the semiconductor industry!

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