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Slide #61. Spansion Inc. — Fujitsu's Microcontroller and Analog Business
Spansion Inc. (CODE)
Fujitsu's Microcontroller and Analog Business
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.
Spansion is a designer, manufacturer and developer of embedded systems semiconductors, which include flash memory, microcontroller, mixed-signal and analog products and embedded system-on-chip solutions. Co. provides several parallel and serial NOR flash memory and a select range of lower density NAND flash memory products targeting non-commodity embedded applications. In addition, Co. assists its customers in developing and prototyping their designs by providing software and hardware development tools, drivers and simulation models for system-level integration. Co. also licenses its intellectual property to third parties.
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Strong Buy (3.67 out of 4)
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