Spansion Completes Acquisition of Fujitsu's Microcontroller and Analog Business

Acquisition Extends Spansion's Leadership in Flash Memory-based Embedded Solutions

SUNNYVALE, Calif., Aug. 1, 2013 — (PRNewswire) — Spansion Inc. (NYSE: CODE), a global leader in Flash memory-based embedded systems solutions, today announced that it has closed the acquisition of the Microcontroller and Analog Business of Fujitsu Semiconductor Limited. Under the terms of the agreement, Spansion will pay approximately $110 million, plus approximately $38 million*1 for inventory. The net impact is expected to be accretive for Spansion in 2013.

"We are very excited about the new products and business opportunities we can create with this acquisition," said John Kispert, president and CEO of Spansion. "We will expand our embedded market leadership and support our customer base with a broader product line including Flash memory, microcontrollers, analog, mixed signal and system-on-chip solutions that will shape the future of electronics."

Spansion Resources:

Notes:

1. The inventory purchase price is an estimate to be adjusted after closing.

About Spansion

Spansion (NYSE: CODE) is a global leader in Flash memory-based embedded systems solutions. Spansion's Flash memory, microcontrollers, mixed-signal and analog products drive the development of faster, intelligent, secure and energy efficient electronics. Spansion is at the heart of electronics systems, connecting, controlling, storing and powering everything from automotive electronics and industrial systems to the highly interactive and immersive consumer devices that are enriching people's daily lives. For more information, visit http:// www.spansion.com

Spansion(R), the Spansion logo, MirrorBit(R), and combinations thereof, are trademarks and registered trademarks of Spansion LLC in the United States and other countries.

 

SOURCE Spansion Inc.

Contact:
Spansion Inc.
Fujitsu Semiconductor Limited
Michele Landry, 408-616-3817
Email Contact
Spansion Investor Relations, Rahul Mathur, 408-616-6682
Email Contact
Web: http://www.spansion.com




Review Article Be the first to review this article
Featured Video
Jobs
Currently No Featured Jobs
Upcoming Events
SRTC-2018 at The Leela Ambience Gurugram NEW DELHI India - Jul 25 - 26, 2018
MPSoC Forum 2018 at The Cliff Lodge 9320 South Cliff Lodge Drive Snowbird UT - Jul 29 - 3, 2018
CDNLive China 2018 at Kerry Hotel Pudong, Shanghai 1388 Hua Mu Road, Pudong Shanghai China - Aug 10, 2018
CDNLive Taiwan 2018 at Ambassador Hotel Hsinchu Taiwan - Aug 14, 2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise