30 Apr '13, 12pm

@spansion buys @FujitsuGlobal MCU, analog business - via @peterclarke88

@spansion buys @FujitsuGlobal MCU, analog business - via @peterclarke88

LONDON – Flash memory supplier Spansion Inc. (Sunnyvale, Calif.) is set to buy the microcontroller and analog business of Japan-based Fujitsu Semiconductor in a deal valued at about $175 million. Under the terms of the deal, Spansion will acquire assets, intellectual property, products and personnel from Fujitsu. But the deal does not include any of Fujitsu's manufacturing facilities. Spansion also announced first quarter sales that came in short of analysts' expectations. John Kispert, Spansion's CEO, said the deal positions Spansion to play in a much broader market. "Both sides are very excited about this deal," Kispert said. Two years ago, when Spansion emerged from bankruptcy as a supplier of NOR flash, the company was serving a total market of about $3 billion, Kispert said. Last year, Spansion inked a deal with SK Hynix Inc. to enable Spansion to offer single-level-c...

Full article: http://www.eetimes.com/design/microcontroller-mcu/4413020...

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