Tag: automotive

Digital technologies generate major changes, shock

Posted on July 24, 2020 by - News

Beancounters at GlobalData claim that digital technologies are increasingly exerting pressure on incumbents across industries to change their business models while giving rise to smaller, agile players that are enabling innovation and disruption in many aspects of the business.

GlobalData Principal Disruptive Tech Analyst Kiran Raj said: “The explosion in the availability of data has reinforced the use of digital technologies as an enabler of innovation and disruption across many industries. Moreover, the COVID-19 pandemic has hammered the business world with prolonged lockdowns that triggered the widespread recognition of digital transformation among industry leaders to future-proof their businesses.”

Freescale about to sell itself

Posted on February 13, 2015 by - News

slave-auction-virginia-PIf anyone wants to buy a second hand chipmaker, Freescale has indicated that it might be selling itself off.

According to the New York Post, Freescale has hired investment bankers to explore a possible sale, and it has an unnamed buyer in mind.

It is pretty likely to be Samsung as this has been rumoured for a while. Freescale makes chips used in automobiles, consumer products, telecommunications infrastructure and industrial equipment and this is an area Samsung wants to expand into. Samsung Electronics has $63 billion in cash which could be spent on acquisitions,

Of course no one is saying anything at the moment and it is unlikely to be confirmed for a while.

Freescale went public in 2011 after being taken private in 2006 for $17.6 billion in a leveraged buyout by a group of private equity firms that included Blackstone, Carlyle and TPG Capital.

On January 27, the company reported strong results for the fourth quarter — with revenue up 11 percent and increased margins — as well as a forecast for the current quarter that exceeded Wall Street expectations. Since then, Freescale shares have jumped 32 percent.