Spansion Inc was incorporated in 2005 in Delaware. The Company is engaged in designing, manufacturing and developing of embedded systems semiconductors, which include flash memory, microcontroller, mixed-signal and analog products and embedded system-on-chip solutions. The Company focuses on embedded markets such as transportation, industrial, consumer, communications and gaming. The embedded markets require reliable flash memory solutions, microcontrollers, mixed-signal and analog and other programmable semiconductors that run applications in a broad range of electronic systems. The Company's products are designed to accommodate various voltage, interface and density requirements for a range of applications and customer platforms. The Company's NOR flash memory product designs are based on its proprietary two-bit-per-cell MirrorBit technology, which has a simpler cell architecture, higher yields and lower costs than competing floating gate NOR flash memory technology. The Embedded systems solutions is used in many applications, including automotive, consumer electronics, networking and telecommunications equipment, smart phones, tablets, PCs, gaming consoles and industrial equipment and other products. The Company operates in two product groups for embedded applications: flash memory and microcontroller and analog products. The flash memory market consists of two architectures: NOR and NAND flash memory. NOR flash memory is predominantly used for reliable code execution and performance-oriented storage in consumer electronics, automobiles, communications, gaming and industrial applications. NAND flash memory is predominantly used for data storage in applications, such as solid-state drives, removable storage devices and embedded managed NAND devices. Microcontrollers are a small computer on a single integrated circuit containing a processor core, memory, and programmable input/output peripheral capability. Microcontrollers are designed for embedded applications where they are frequently the principle, and sometimes sole integrated circuit. The Company has a family of 8-, 16-, 32-bit proprietary and 32-bit ARM based microcontrollers that are used in automotive such as body electronics, chassis and safety, power train and hybrid, home appliances, digital audio / video equipment, industrial and office equipment. Analog semiconductors measure, condition and regulate real world functions such as temperature, speed, sound and electrical current. The Company offers environmentally-friendly power management technology through its lineup of power management integrated circuits (PMIC), including DC/DC converters, voltage regulators and supervisors, and power monitoring and reset integrated circuits (ICs). It also offers a family of LED lighting driver ICs and energy harvesting solutions. The Company's customers consist of OEMs, ODMs, distributors and contract manufacturers.