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June 6, 2012

Gregg Lowe Named President and CEO of Freescale Semiconductor

Power Channels: Energy Efficiency

Freescale Semiconductor named Gregg A. Lowe president and CEO of the company, effective immediately. Lowe comes to Freescale from Texas Instruments where he served as senior vice president and manager of the Analog business.

As part of the transition, the board has appointed J. Daniel McCranie as non-executive chairman of the board of directors. McCranie currently serves on Freescale’s board of directors.

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"On behalf of the board of directors, I am pleased to welcome Gregg to Freescale," said McCranie. "Gregg is a proven leader and his extensive semiconductor experience makes him uniquely qualified to build upon Freescale’s strong foundation, leading the company to our next stage of growth."

"Freescale is a great company today, and I am honored to be able to lead a talented group of professionals at the company to even greater achievements moving forward," said Lowe.

Rich Beyer, who previously served as Freescale’s chairman and CEO, will continue to serve on the company’s board of directors to ensure a smooth transition.

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"The board would like to thank Rich Beyer for his significant contributions to Freescale’s success since joining the company in 2008," said McCranie. "Rich’s considerable management and leadership skills drove the company through a successful transformation, creating a solid foundation to enable future profitable growth and we look forward to his continued involvement with the board."

Lowe joined TI’s field sales organization in 1984, with responsibility for growing the company’s business with automobile manufacturers. In 1990, he moved to Germany to lead the European automotive sales force, managing teams and customer relationships in France, Germany, Italy, England and Spain.

In 1994, Lowe returned to the U.S. to manage TI’s Microcontroller organization. Later, he led the Application Specific Integrated Circuit organization, overseeing a worldwide team with design centers and customers on each continent. In 2001, he moved to the Analog business to manage High Speed Communications and Controls. Later that year, Lowe became manager of the High Performance Analog business unit with responsibility for TI’s high-performance data converter, amplifier, power management and interface integrated circuits.

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