Product category:
Memory Devices and Modules
News Release from: Spansion
Edited by the Electronicstalk Editorial
Team on 06 April 2007
Flash fabs are sold to Fujitsu
Spansion has closed the sale of Spansion Japan's older JV1 and JV2 manufacturing facilities in Aizu-Wakamatsu, Japan to Fujitsu.
Spansion has closed the sale of Spansion Japan's older JV1 and JV2 manufacturing facilities in Aizu-Wakamatsu, Japan to Fujitsu Under the terms of the agreement, Fujitsu has paid Spansion approximately US $150 million in cash and will continue production of Spansion Flash memory products as a foundry for Spansion
This article was originally published on Electronicstalk on 11 Nov 2004 at 8.00am (UK)
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Spansion intends to use the cash from the transaction, combined with structured financing, to fund its SP1 300mm manufacturing facility in Aizu-Wakamatsu.
"We look forward to working with Fujitsu as a foundry partner".
"This agreement enables us to focus our capital on leading-edge technologies, provide flexible supply in times of peak demand while continuing a long-term and stable supply to our customers", said Bertrand Cambou, President and CEO, Spansion.
"Our SP1 plans are on track and we expect to be the only NOR Flash memory provider producing solutions on 300mm later this year".
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