Analyst: Freescale to sell 3G IP to Chinese firm

Dylan McGrath, EE Times
(09/01/2009 2:11 PM EDT)

SAN FRANCISCO -- Freescale Semiconductor Inc. plans to transfer its 3G cellular intellectual property (IP) to Beijing Capital Semiconductor in a deal valued at between $30 million and $40 million, according to a market analyst.

The sale of the IP is the direct result of Freescale's plan to monetize its wireless assets after the company was unable to sell its Cellular Products division last year, according to Will Strauss, president of Forward Concepts Inc.

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