It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Freescale boss predicts more doom Freescale boss predicts more doom
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Freescale boss predicts more doom
Reply
 
Thread Tools
Old 14th December 2012, 19:02   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 148,055
Stefan Mileschin Freshly Registered
Default Freescale boss predicts more doom

Freescale Semiconductor boss chief executive Gregg Lowe sees more trials and tribulations for the chip industry and admits that any cunning plans he has to save his company will not pay off until 2015.

Lowe left Texas Instruments in June to lead Freescale and has embarked on restructuring. Even before the economic downturn, Freescale had not been doing well and has made a loss for nine of the past 10 years.

Talking to Reuters, Lowe said if fourth-quarter global chip revenue falls year over year, as expected, it would mark a sixth straight quarter of year-on-year declines and match the longest market decline seen in 25 years.

He said that history would say that something which has declined for so long would probably go up eventually but there is no evidence for that.

Chips used in cars and trucks account for 40 percent of Freescale's revenue. Its semiconductors are also used in industrial equipment, mobile phones and consumer products.

Under Lowe, Freescale has merged manufacturing operations under a single management group to cut costs. He is refocusing R&D resources, which represent almost a fifth of revenue, product areas in the auto industry as well as microcontrollers and radio frequency chips.

He thinks that the company is trying to do too many things and as it narrows its focus it can spend that money much more efficiently.

However, the timetable for any success is a long way into the future.

Lowe said that in 2013 Freescale will start the strategy and in 2014, there should be some benefits. He thinks that by 2015 Freescale will start regaining share.

Freescale was taken private in 2006 for $17.6 billion in the biggest leveraged buyout of a technology company on record. But the company is left with lots of debt.

It has cut just under five percent of its work force this year but plans to hire a similar number of people in 2013, probably in China.

http://news.techeye.net/chips/freesc...icts-more-doom
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Former Qualcomm boss signs up for Obama Stefan Mileschin WebNews 0 17th July 2012 09:08
RIM boss denies he is happy Stefan Mileschin WebNews 0 11th July 2012 08:21
Apple boss makes a million a day Stefan Mileschin WebNews 0 23rd May 2012 07:59
Freescale and AMD draw their blades Stefan Mileschin WebNews 0 18th May 2012 07:45
Website predicts doom of DFI Motherboards jmke WebNews 0 21st December 2009 21:42
Freescale taps AMD's mobile graphics Sidney WebNews 0 17th September 2007 20:27
Play Doom, Doom 2, Heretic, Hexen in Hi-res jmke WebNews 0 3rd January 2007 12:44
Freescale Waves Goodbye to the BGA jmke WebNews 0 28th July 2006 15:41
Freescale claims magnetic memory breakthrough jmke WebNews 0 10th July 2006 09:30

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT +1. The time now is 18:00.


Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO