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Motorola To Spin Off Chip Division

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Oct 6, 2003, 9:19 AM   by (staff)

Motorola today announced that it intends to separate its semiconductor operations into a publicly traded company. The company intends to increase its focus on communications and integrated electronic systems. The Semiconductor Products Sector (SPS) product portfolio includes chipsets and reference designs for mobile phones. Motorola is considering an initial public offering (IPO) of a portion of the new company. Motorola has not finalized details of the transaction.

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