by Anton Shilov
08/01/2013 | 11:56 PM
Spansion, a leader in flash memory-based embedded systems solutions, said Thursday that it has closed the acquisition of the microcontroller and analog business of Fujitsu Semiconductor. The synergies between Spansion flash memory business and the new microcontroller and analog/mixed signal businesses will bring a lot of advantages to the company and its customers.
"We are very excited about the new products and business opportunities we can create with this acquisition. We will expand our embedded market leadership and support our customer base with a broader product line including flash memory, microcontrollers, analog, mixed signal and system-on-chip solutions that will shape the future of electronics," said John Kispert, president and CEO of Spansion.
Under the terms of the agreement, Spansion will pay approximately $110 million, plus approximately $38 million for inventory. The net impact is expected to be accretive for Spansion in 2013.
Spansion and its new microcontroller and analog/mixed signal teams will continue our focus on automotive, industrial, consumer, and communications applications. The combination of Spansion’s flash memory, newly acquired 32-bit ARM and 8-, 16- and 32-bit proprietary MCUs, analog, mixed signal products will provide differentiated solutions to the market.
In the future, this combination of products and technologies will enable Spansion to produce advanced stand-alone and embedded system-on-chip solutions for next generation electronics in automotive, industrial, consumer and communications. These new systems will result in faster, intelligent, secure and energy efficient products, believes the head of the company.
“Our unified team is committed to exceptional quality and reliability of our products, longevity of supply, and excellence in customer service. We also remain committed to being the leading provider of flash memory-based embedded systems solutions that will enhance the user experience and shape the future of electronics in embedded markets. We look forward to our continued partnership with our customers to design and deliver innovative products and solutions,” said Mr. Kispert.