Mobile business is weak, Freescale seeks partners
Freescale (Freescale) is about to scrutinize its weak mobile-chip business. In an interview with the FT, the company's chief executive, Rich Beyer, said he was considering several options.
The company is currently considering three options: looking for a partner to sell the mobile wireless chip business, or continue to operate the business independently. Beyer said Freescale was negotiating with several potential partners, but declined to disclose the timetable.
He also declined to say whether it was possible to co-operate with the Infineon, which was also at a loss. But rumours of a recent media talk about the two companies are widespread.
In addition to losses, Freescale is saddled with huge debts. So cutting costs is the company's top priority. Beyer said he did not want to cut research and development costs. But he plans to improve the efficiency of resources, such as improving business processes and focusing on core businesses and markets.
As for the DRAM market situation, Beyer said, "Every morning when I wake up, I'm glad we're not involved in the memory chip business." ”