Editing Freescale Semiconductor (section)

=== Divestiture from Motorola and first IPO ===
As of 2003, Motorola Semiconductor Products Sector earned US$5.0 [[billion]] in semiconductor sales in 2002 (out of US$27 billion sales for all of Motorola).<ref>{{cite press release |url=http://www.motorola.com/mediacenter/news/detail.jsp?globalObjectId=3414_2824_23 |title=Integrated Security Added to Motorola's High-performance PowerQUICC™ III Processor Family" |publisher=Motorola |date=2003 |archive-url=https://web.archive.org/web/20060719172123/http://www.motorola.com/mediacenter/news/detail.jsp?globalObjectId=3414_2824_23 |archive-date=July 19, 2006 |url-status=dead}}</ref><ref>{{cite press release |url=http://www.symbian.com/news/pr/2003/pr20032970.asp |title=Motorola Semiconductor and Symbian launch 2.5G and 3G reference designs |publisher=[[Symbian]] |date=2002}}{{Dead link|date=April 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

Motorola announced that their semiconductor division would be divested on October 6, 2003 and would have a temporary name ''SPS Spinco''.<ref>{{cite web |url=https://www.cnet.com/tech/mobile/motorola-chip-unit-files-2-billion-ipo/ |title=Motorola chip unit files $2 billion IPO |first=Ben |last=Charny |date=December 17, 2003 |website=[[CNET]]}}</ref>

Freescale completed its [[Initial public offering]] (IPO) on July 16, 2004, at a price of US$13. In its announcement, it estimated the stock price to be US$17.50- 19.50 but following a cooling of the market towards tech stocks, it lowered its price to US$13. Existing shareholders of Motorola stock received 0.110415 shares of Freescale stock for every share of Motorola stock as a dividend which was distributed on December 2, 2004.<ref>{{cite web |url=http://media.corporate-ir.net/media_files/irol/90/90829/reports/112604infoformot.pdf |title=Motorola Shareholder Letter}}</ref>