Freescale commits to invest in the future of science, technology, engineering and math with new foundation and multi-million dollar initial contribution
AUSTIN, Texas--(BUSINESS WIRE)--May. 30, 2013-- As the pace of technology continues to make steep academic demands on students and teachers across the globe, experts agree that the future workforce will need a standard literacy in technology in order to achieve success in engineering, science or math careers and to help develop the next generation of innovators. In response to these educational challenges and opportunities, Freescale Semiconductor (NYSE: FSL) today announced the creation of the Freescale Foundation, a nonprofit, 501(c)(3) organization focused on science, technology, engineering and math (STEM) education. Freescale will make an initial contribution of $5 million to the Freescale Foundation with plans for ongoing contributions.
Gregg Lowe, president and CEO, Freescale
“Our Freescale team is passionate about engineering and we want to bring that passion to our local communities with a desire to encourage the next generation of talent,” said Gregg Lowe, president and CEO, Freescale. “Science, technology, engineering and math degrees lead to rewarding careers and to have the opportunity to inspire students is an amazing opportunity and one we take very seriously. The Freescale Foundation will help make it all possible.”
The goals of the Freescale Foundation are to:
- promote STEM learning at all levels of the education continuum
- reduce the STEM education gap among women and underrepresented populations
- influence the development of the technical workforce of the future
- strengthen Freescale’s corporate citizenship and social responsibility.
“We are thrilled to put the power of Freescale’s employees behind such a worthy effort,” said Rick Morales, Freescale’s director of Community Relations and Inclusion. “Though we know we can’t do it alone, we think this is the right approach that will benefit our local and global communities. This is about doing our part to ensure that we can help develop the next wave of talented scientists, engineers and mathematicians.”
Freescale has been working with educators around the world to bring the resources and solutions needed for advancing education, as well as provide sponsorships to deliver practical experience, for more than 30 years. The new Freescale Foundation will complement the great work and success achieved over the last several years. The Foundation will continue to support our university programs as well as K-12 STEM education with resources, solutions, sponsorships, open source hardware, software and experience-based competitions, such as the Freescale Cup.
The Freescale Foundation will accept 2013 grant applications through Aug. 30 from qualified organizations that meet a certain criteria, including qualified organizations supported by Freescale’s approximately 17,000 employees. The Foundation will focus on requests from eligible nonprofit organizations in communities where Freescale employees live and work. Information on qualifications and open enrollment can be found at www.FreescaleFoundation.org and will be updated as more details become available.
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About Freescale Semiconductor
Freescale Semiconductor (NYSE: FSL) is a global leader in embedded processing solutions, providing industry-leading products that are advancing the automotive, consumer, industrial and networking markets. From MPUs and MCUs to sensors, analog integrated circuits and connectivity, our technologies are the foundation for the innovations that make our world greener, safer, healthier and more connected. Some of our key applications and end-markets include automotive safety, hybrid and all-electric vehicles, next-generation wireless infrastructure, smart energy management, portable medical devices, consumer appliances and smart mobile devices. The company is based in Austin, Texas, and has design, research and development, manufacturing and sales operations around the world. freescale.com
Freescale, the Freescale logo are trademarks of Freescale Semiconductor, Inc., Reg. U.S. Pat. & Tm. Off. All other product or service names are the property of their respective owners. © 2013 Freescale Semiconductor, Inc.
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Source: Freescale Semiconductor
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