Freescale Semiconductor Employees Confirmed Passengers on Malaysia Airlines Flight MH370
March 08, 2014 05:45 PM Eastern Standard Time
AUSTIN, Texas—(BUSINESS WIRE)—Freescale Semiconductor (NYSE:FSL) has confirmed that 20 of its employees were confirmed passengers on Malaysia Airlines Flight MH370 en route from Kuala Lumpur to Beijing. Twelve are from Malaysia and eight are from China. The entire Freescale Semiconductor community is deeply saddened by this news. The company is continuing to monitor the situation and will provide more information as it becomes available.
“Our thoughts and prayers are with those affected by this tragic event.”
“At present, we are solely focused on our employees and their families,” said Gregg Lowe, president and CEO, Freescale. “Our thoughts and prayers are with those affected by this tragic event.”
The company has assembled counselors and other professionals through Freescale’s Employee Assistance Program, with around-the-clock support for those impacted by this tragedy.
About Freescale Semiconductor
Freescale Semiconductor (NYSE:FSL) is a global leader in embedded processing solutions, providing industry leading products that are advancing the automotive, consumer, industrial and networking markets. From microprocessors and microcontrollers to sensors, analog integrated circuits and connectivity – our technologies are the foundation for the innovations that make our world greener, safer, healthier and more connected. Some of our key applications and end-markets include automotive safety, hybrid and all-electric vehicles, next generation wireless infrastructure, smart energy management, portable medical devices, consumer appliances and smart mobile devices. The company is based in Austin, Texas, and has design, research and development, manufacturing and sales operations around the world. www.freescale.com
Freescale 10-K
http://www.sec.gov/Archives/edgar/data/1392522/000139252214000002/a2013123110k.htm
Blackstone-controlled maker of micro controllers, automotive MCUs, sensors etc. Sales mostly to Hong Kong, US and Switzerland.
More than $6B of debt, more than $4B of negative net worth, $12B of accumulated losses, 16,800 employees. Ops in India, China, Thailand, Texas.