Spansion buys Fujitsu analogue and MCU businesses
Spansion is to buy Fujitsu’s microcontroller and analogue business for approximately $110m plus approximately $65m for inventory. The net impact is expected to be accretive for Spansion in 2013.
“This acquisition aligns with our strategy to expand into system-on-chip solutions that require leadership in embedded Flash technology,” said John Kispert, president and CEO of Spansion, “We have been strategic partners with Fujitsu Semiconductor for decades and share many of the same customers. We expect a seamless transition for all of the employees and customers.”
Spansion was formed from the former AMD-Fujistu collaboration on flash memory.
The acquisition is expected to be complete between July and September of 2013.
See also: Recovering NAND
Tags: decades, flash technology, john kispert, strategic partners