Freescale Semiconductor Holdings I, ("Freescale") announced today that the company has priced its initial public offering of 43,500,000 common shares at $18per share.

In connection with the offering, Freescale granted the underwriters a 30-day option to purchase up to 6,525,000 additional common shares at the public offering price less underwriting discounts to cover over-allotments, if any.

The common shares are expected to begin trading tomorrow, May 26, 2011, on the New York Stock Exchange under the symbol "FSL." The offering is expected to close on June 1, 2011.

Citi, Deutsche Bank Securities, Barclays Capital, Credit Suisse and J.P. Morgan are acting as joint book-running managers for the offering. Goldman, Sachs & Co., RBC Capital Markets, UBS Investment Bank, Sanford C. Bernstein, Gleacher & Company, Oppenheimer & Co., Pacific Crest Securities and Piper Jaffray are acting as co-managers for the offering.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.