Pros
The pay and benefits are OK, and when business is good the bonuses can be nice. The company is astutely managed from a financial engineering point of view, since it has handled its long term corporate debt while at the same time acquired smaller competitors with time. The manufacturing side of the company is generally pretty efficient, and so the company will likely continue its strategy of debt reduction, and external acquisitions, in order to keep its manufacturing lines busy, which after a decade of independence from Motorola, is what management has proven it knows well.
Cons
The variability of the consumer/commodity cyclical semiconductor market makes for difficult long-term planning. The company is a conglomeration of other companies purchased over the years, which makes internal communication harder due to a lack of standardization of software, systems, or business processes, so it can sometimes feel like a collection of independent silos. The global nature of the company is challenging, which sometimes makes for odd hours and communications issues due to distance and cultural differences. The size of the long-term corporate debt, can prompt the company to made sudden changes, with little warning to employees affected.