SCHAUMBURG, Ill.-Motorola Inc. said it has raised up to $316 million from selling shares in chipmakers Broadcom Corp. and Semiconductor Manufacturing International Corp.
Motorola will spin off its chip business, which is named Freescale Semiconductors Inc., later this year.
The vendor raised $216 million by selling all its shares in Broadcom and $100 million from selling part of its SMIC holdings, according to its document filed with the U.S. Securities and Exchange Commission.
Motorola controlled less than 5 percent of Broadcom and 7 percent of SMIC.
