Motorola to spin off semiconductor business

Manufacturing News, Source : TheManufacturer.com
Published : 06 Oct 2003 17:37

Cell phone to auto radio group Motorola announced today today that it intends to hive off its semiconductor operations into a publicly traded company.

Chairman and Chief Executive Officer Christopher Galvin said the action reflects Motorola’s intention to increase its focus on communications and integrated electronic systems, "as well as create an exciting opportunity for the company’s Semiconductor Products Sector (SPS) as an independent semiconductor company with its own focused strategy". Motorola has not finalized details of the transaction.

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