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Fujitsu sells microcontroller business to Spansion

Posted: 02 May 2013     Print Version  Bookmark and Share

Keywords:microcontroller  analogue  Flash  acquisition 

Japanese chipmaker Fujitsu Ltd has agreed to sell its microcontroller and analogue business to the U.S.-based Spansion Inc., a producer of flash memory for electronics systems, for approximately Rs.591.40 crore ($110 million), plus approximately Rs.349.46 crore ($65 million) for inventory.

Fujitsu’s microcontroller business designs and develops general purpose and specialised 8-, 16- and 32-bit MCUs that are widely used in automotive, industrial and consumer applications. While the analogue business develops power management integrated circuit as well as high efficiency, low power analog products for digital audio, visual, mobile, automotive and industrial markets.

"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.

"In the future, the combination of Flash memory, microcontroller, analogue and software will be integrated into system-on-chip solutions for next generation automotive, industrial and consumer applications."

The microcontroller and analogue business will integrate into the Spansion organisation and will run as separate business units, Spansion said.

As part of the acquisition deal, about 1,100 employees will be transferred to Spansion.

Microcontrollers are part of Fujitsu's device solutions business, which also includes LSI chips. In February, Fujitsu announced that it would merge its LSI chip business with that of Panasonic Corp. this fiscal year.

The transaction is expected to close between July-September 2013.

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