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Spansion
Spansion Inc. was an American-based company that designed, developed, and manufactured flash memory, microcontrollers, mixed-signal and analog products, and system-on-chip (SoC) solutions. The company had more than 3,700 employees in 2014 and was headquartered in Sunnyvale, California. It was founded as the joint-venture FASL between AMD and Fujitsu, which eventually was spun out into the independent company Spansion afterwards.
Spansion had more than 10,000 customers worldwide. Its products were used in the following markets: automotive electronics, home appliances, peripheral computing equipment, consumer equipment, industrial, and networking.
Spansion, formerly known short as FASL LLC, was founded in 1993 in a joint venture between AMD and Japan's Fujitsu as Fujitsu AMD Semiconductor Limited. Once AMD took control of the company in 2003, it was renamed Spansion LLC in June 2004 and officially spun off as an independent maker of flash memory chips in December 2005.
After joining the company in 2009, CEO, John Kispert, brought Spansion out of bankruptcy with over $1 billion in sales and 10,000 customers worldwide. In 2013, Spansion purchased Fujitsu's microcontroller and analog business for $175 million, expanding Spansion's work force by more than 1,000 worldwide.
In October 2007, Spansion announced that it was acquiring Israel-based Saifun Semiconductors Ltd., non-volatile memory provider. The companies signed an agreement that consolidated all MirrorBit and NROM IP, design and manufacturing expertise within Spansion. As a result, Spansion expanded its IP portfolio and enabled its immediate entry into the technology licensing business. The acquisition closed on March 18, 2008.
In April 2013, Spansion announced that it would acquire the Microcontroller and Analog Business of Fujitsu Semiconductor Limited for approximately $110 million and approximately $65 million for inventory. Spansion closed the acquisition deal in August 2013.
In December 2014, Cypress Semiconductor merged with Spansion in an all-stock deal worth $1.59 billion. Shareholders of each side will own about 50 percent of the new company, which will keep the name of Cypress Semiconductor Corp. The companies valued the deal at $4 billion. They expected it to close in the first half of 2015 and to cut annual costs by $135 million within three years. Cypress President and CEO TJ Rodgers was the CEO of the combined company, which was expected to have $2 billion in annual revenue. Spansion Chairman Ray Bingham was the non-executive chairman.
Spansion's product portfolio offers NOR densities ranging from four-megabit to eight-gigabits, NAND densities ranging from one-gigabit to eight-gigabits and an array of interfaces and features. It has developed two flash memory technologies, single-bit-per-cell floating gate technology and one-, two- or more-bit-per-cell MirrorBit technology, with MirrorBit products based on two-bits per cell and allowing offering a range of product configurations. The Company's products based on NOR flash memory architecture are designed for code storage and execution, and utilize either traditional floating gate technology or its MirrorBit technology.
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Spansion
Spansion Inc. was an American-based company that designed, developed, and manufactured flash memory, microcontrollers, mixed-signal and analog products, and system-on-chip (SoC) solutions. The company had more than 3,700 employees in 2014 and was headquartered in Sunnyvale, California. It was founded as the joint-venture FASL between AMD and Fujitsu, which eventually was spun out into the independent company Spansion afterwards.
Spansion had more than 10,000 customers worldwide. Its products were used in the following markets: automotive electronics, home appliances, peripheral computing equipment, consumer equipment, industrial, and networking.
Spansion, formerly known short as FASL LLC, was founded in 1993 in a joint venture between AMD and Japan's Fujitsu as Fujitsu AMD Semiconductor Limited. Once AMD took control of the company in 2003, it was renamed Spansion LLC in June 2004 and officially spun off as an independent maker of flash memory chips in December 2005.
After joining the company in 2009, CEO, John Kispert, brought Spansion out of bankruptcy with over $1 billion in sales and 10,000 customers worldwide. In 2013, Spansion purchased Fujitsu's microcontroller and analog business for $175 million, expanding Spansion's work force by more than 1,000 worldwide.
In October 2007, Spansion announced that it was acquiring Israel-based Saifun Semiconductors Ltd., non-volatile memory provider. The companies signed an agreement that consolidated all MirrorBit and NROM IP, design and manufacturing expertise within Spansion. As a result, Spansion expanded its IP portfolio and enabled its immediate entry into the technology licensing business. The acquisition closed on March 18, 2008.
In April 2013, Spansion announced that it would acquire the Microcontroller and Analog Business of Fujitsu Semiconductor Limited for approximately $110 million and approximately $65 million for inventory. Spansion closed the acquisition deal in August 2013.
In December 2014, Cypress Semiconductor merged with Spansion in an all-stock deal worth $1.59 billion. Shareholders of each side will own about 50 percent of the new company, which will keep the name of Cypress Semiconductor Corp. The companies valued the deal at $4 billion. They expected it to close in the first half of 2015 and to cut annual costs by $135 million within three years. Cypress President and CEO TJ Rodgers was the CEO of the combined company, which was expected to have $2 billion in annual revenue. Spansion Chairman Ray Bingham was the non-executive chairman.
Spansion's product portfolio offers NOR densities ranging from four-megabit to eight-gigabits, NAND densities ranging from one-gigabit to eight-gigabits and an array of interfaces and features. It has developed two flash memory technologies, single-bit-per-cell floating gate technology and one-, two- or more-bit-per-cell MirrorBit technology, with MirrorBit products based on two-bits per cell and allowing offering a range of product configurations. The Company's products based on NOR flash memory architecture are designed for code storage and execution, and utilize either traditional floating gate technology or its MirrorBit technology.