Techfaith Subsidiary Purchases Freescale Division

Netease Tech, 8/11/09

Taiwan media has reported that semiconductor manufacturer Freescale announced the sale of its mobile chipset division to Jingxin Semiconductor, a subsidiary of Chinese mobile phone solutions provider TechFaith (Nasdaq: CNTF), at a low price of USD 50 mln. Jingxin said that after acquiring Freescale's mobile chipset division, it will begin active development of 3G and 4G mobile chipsets and comprehensive solutions.

Freescale was established by Motorola when it spun off its semiconductor division in 2004.

Editor's Note: Previously Qiao Xing Group was in negotiations for the acquisition of the mobile chipset business of Freescale Semiconductor. For more background, please see "Update: Qiao Xing Group Acquires Freescale Division", MD 4/28/09 issue.

Keywords: Jingxin Semiconductor investment handset chip semiconductor wireless 4G TechFaith Freescale 3G CNTF Qiao Xing Group handset M&A

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily