Motorola has chosen to give a new name to its semiconductor products division, Freescale Semiconductor. The new name was chosen yesterday after interviews and research conducted among the company's employees, customers and industry analysts worldwide.
The spin out of Freescale from Motorola, Inc. is expected this spring, with an initial public offering (IPO). In recent years, Motorola's semiconductor products sector has had revenues of roughly $5 billion per year. It is a leader in automotive ICs, microcontrollers, and networking chips.
"Freescale Semiconductor provides customers with a heritage built on 50 years of semiconductor experience," said Scott Anderson, president and CEO of Freescale Semiconductor.