Spansion to Acquire Microcontroller and Analog Business from Fujitsu for $110M Plus $65M for Inventory

Spansion

and Fujitsu Semiconductor Limited, a wholly owned subsidiary of Fujitsu Limited, today announced they have executed a definitive agreement for Spansion to acquire the Microcontroller and Analog Business of Fujitsu Semiconductor for approximately $110 million, plus approximately $65 million*1 for inventory. The net impact is expected to be accretive for Spansion in 2013. (Logo:  http://photos.prnewswire.com/prnh/20060118/SFW077LOGO) "This acquisition provides incremental revenue and 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 will gain valuable people and intellectual property as well as microcontroller and analog products that will enable us to expand our customer base, addressing complete embedded systems requirements in automotive, industrial and consumer markets. 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." "In our pursuit of maximized corporate value, together with Fujitsu Semiconductor Limited, we have executed