Product category:
Intellectual Property Cores
News Release from: Spansion
Edited by the Electronicstalk Editorial
Team on 24 March 2008
Technology licensing offers new
direction
Acquisition signals Spansion's immediate entry into the technology licensing business, significantly expanding its market opportunity.
Spansion has completed its acquisition of Saifun Semiconductors in accordance with the definitive merger agreement and its amendment that both companies signed last year The addition of the Saifun offering will expand Spansion's product portfolio, and enable Spansion's immediate entry into the technology licensing business, significantly expanding Spansion's market opportunity
This article was originally published on Electronicstalk on 11 Nov 2004 at 8.00am (UK)
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Saifun will operate as a wholly owned subsidiary of Spansion.
Immediately following the closing, former Saifun shareholders held approximately 14.4% of Spansion's outstanding Class A common stock.
Dr Boaz Eitan was also appointed to Spansion's Board of Directors effective as of the closing.
"We look forward to leveraging the depth of technology expertise and the quality of people from the Saifun organisation", said Bertrand Cambou, President and CEO, Spansion.
"With Saifun as a wholly owned subsidiary, we expect to enter new markets with a powerful technology licensing strategy and a broadened and diversified product portfolio".
"This is a new beginning for the Saifun employees to apply their incredible talent and expertise to new market opportunities", said Boaz Eitan, CEO of Saifun Semiconductor.
"We remain committed to supporting our existing licensees with the same dedication we have always provided them".
"We are confident that the combination of the Saifun and Spansion teams will accelerate all initiatives and benefit our customers, potential new customers and our employees".
Since 2002, Spansion has been a licensee of Saifun's NROM intellectual property, which has formed the cornerstone of Spansion's proprietary MirrorBit technology.
MirrorBit technology now represents nearly one fourth of the entire NOR Flash memory segment, and generates revenues at a run rate approaching US $2 billion per year.
As part of this relationship, Saifun has also provided design services to Spansion, including the successful development of Spansion's MirrorBit Quad and SPI product families.
By combining the two companies, Spansion can further accelerate the development of its next generation product roadmap by directly leveraging over 150 MirrorBit technology and design experts.
Spansion has more than 3000 patents and patent applications in the area of nonvolatile memory, combining Spansion IP and NROM IP.
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