Freescale Looks To Sell Cellular Handset Business

Austin-based Freescale Semiconductor said late Thursday that it is looking to "explore strategic options" for the firm's cellular handset chipset products business, and intends to sell the unit or enter a joint venture in the coming months. According to the company, the move is part of a plan to "sharpen" the company's strategic focus. Freescale's cellular handset business develops baseband processors, RF transceivers, power management/audio, software and platforms used in cell phones. Freescale said the move is a result of semiconductor market consolidation. Freescale Chairman and CEO Rich Beyer said it felt that in order for its cellular handset business to be successful, it needs "considerably greater scale."


More Headlines