Freescale Adds Daniel McCranie to Board

Austin-based Freescale Semiconductor has added Daniel McCranie to its board of directors. McCranie currently is chairman of the board for ON Semiconductor and serves on the board of Cypress Semiconductor. He replaces Kevin Burns, a partner at TPG Capital, on the board. Freescale, which makes chips used in the automotive, networking and consumer markets, is currently owned by Blackstone, Carlyle, Permira and TPG. The chipmaker filed in February for an IPO that could raise as much as $1.15 billion.

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