Freescale employees develop tech products at in-house incubator

Sep 3, 2014
Austin Business Journal

Freescale Semiconductor Ltd. employees have produced nine technology projects at an in-house incubator the company quietly launched more than a year ago


Austin-based Freescale designated 20 employees to shift from their regular duties to work on their own tech ideas in an incubator called the Discovery Lab. The program is designed to encourage the development of “disruptive” technologies instead of “being a fast follower,” lab Director David Kramer said Tuesday


The company is now planning to open a similar incubator at a Freescale facility in France, he said


Freescale (NYSE: FSL), which develops embedded processors, employs about 19,000 workers, including 5,000 in Austin


Discovery Lab engineers are working on a variety of products such as exploring alternative materials, creating packaging technology and designing new systems and software to enable next generation products


Since its opening in July 2013, more than 200 ideas were submitted, and more than 20 employees are currently working on the projects


The incubator is a rotational program, meaning engineers return to their normal jobs when as much as two years of research is completed, Smith said


In July, Freescale reported a second-quarter profit of $86 million with earnings of 28 cents per share, compared to a net loss of $65 million with 25 cents per share in the second quarter of 2013, according to the U.S. Securities and Exchange Commission


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