Fujitsu's microcontroller division bought by Spansion

Flash memory solutions provider Spansion Inc. and Fujitsu Semiconductor Limited have recently executed a definitive agreement for Spansion to aquire the Microcontroller and Analog Business of Fujistu Semiconductor for approximately $110 million, with an additional $65 million for inventory. The net impact is expected to be accretive for Spansion in 2013.

John Kispert, Spansion's CEO, stated that this acquisition provides incremental revenue and aligns with the company's strategy to expand into system-on-chip solutions that require leadership in embedded Flash technology. He added that the company will gain valuable people and intellectual property as well as microcontroller and analogue products that will enable them to expand their customer base, addressing complete embedded systems requirements in automotive, industrial and consumer markets.

Embedded nonvolatile memory has become one of the most important differentiators within the microcontroller market and addresses customers' needs for faster and more intelligent devices for a range of embedded applications. Spansion's Flash technologyalong with the acquired microcontroller and analogue products and talent accelerates a portfolio of high-performance system-on-chip solutions for use in the development of faster, more intelligent and energy-efficient products as well as next generation of the "Internet of everything" in automotive, industrial and consumer applications.

"In our pursuit of maximised corporate value, together with Fujitsu Semiconductor Limited, we have executed a management decision based on the restructuring initiatives we are taking in our semiconductor business," said Masami Yamamoto , president of Fujitsu Limited. "We are confident that our customers will benefit from the enormous synergies anticipated. Our employees will also benefit by being a part of Spansion, which has a complementary and differentiated product portfolio based on its world-leading nonvolatile memory technologies."

The acquisition is subject to various customary closing conditions and is expected to be complete between July and September of 2013.