12 months duration... 6 months training, 6 months on-the-job.
Allowance: RM500 (from INSEP) + RM500 (from Freescale)... Total: RM1000

There's penalty if quit during the 12 months... in the range of ten's of thousand (can't remember the exact amount). On the other hand, you'll be rewarded RM6000 bonus at the end of the trainee period (if perform well during the on-the-job, you may become permanent Freescaler sooner).

You'll be told all these during the interview. So think properly on what you're getting yourself into.

My info is correct as of March 2006. Not sure if there's any changes since.

The kind of engineer work at Freescale range from Product, Process, Equipment and Test Engineer to my knowledge. Perhaps someone inside the program would be better to answer this. Basically, its a semiconductor manufacturing type of engineering work.