Freescale completes $110 million acquisition of SigmaTel

By Lisa Kerner

Charlotte, N.C., April 30 - Freescale Semiconductor, Inc. completed its $3-per-share acquisition of SigmaTel, Inc., it was announced on Wednesday.

The deal was valued at some $110 million in cash, according to a Freescale news release.

Freescale said SigmaTel's technology and talent will merge with Freescale's multimedia applications division.

"SigmaTel's analog and mixed-signal IC technologies complement our successful portfolio of i.MX multimedia applications processors and position our multimedia business as a key growth driver for Freescale," Freescale chairman and chief executive officer Rich Beyer said in the release.

Freescale designs and manufactures embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets. The privately held company is based in Austin, Texas.

SigmaTel, also based in Austin, is a fabless semiconductor company that designs, develops and markets mixed-signal integrated circuits for the consumer electronics market.

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