Wednesday, 29 May 2013: Spansion Inc., and Fujitsu Semiconductor Limited have executed a definitive agreement for Spansion to acquire the microcontroller and analogue business of Fujitsu Semiconductor for approximately US$ 110 million, plus approximately US$ 65 million for inventory.
“In our pursuit of maximised corporate value, together with Fujitsu Semiconductor Limited, we have executed a management decision based on the restructuring initiatives we are taking in our semiconductor business,” said Masami Yamamoto, president, Fujitsu Limited. “We are confident that our customers will benefit from the enormous synergies anticipated. Our employees will also benefit by being a part of Spansion, which has a complementary and differentiated product portfolio based on its world-leading non-volatile memory technologies.”
