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Fujitsu Ltd to Sell Microcontroller and Analog Device Business to Spansion Inc. and Other Spansion Companies

Tuesday, 30 Apr 2013 02:30am EDT 

Fujitsu Ltd announced that a subsidiary Fujitsu Semiconductor Limited (FSL) has decided to enter into a definitive agreement to sell its microcontroller and analog business to California-based Spansion LLC and affiliates (including Spansion Inc.). In accordance with the agreement, FSL's microcontroller and analog business in Japan, together with the microcontroller and analog business in Japan operated by Fujitsu VLSI Limited and Fujitsu Microelectronics Solutions Limited, which are subsidiaries of FSL, will first be absorbed by Fujitsu Ltd. Fujitsu will transfer the business into a new company to be established by FSL, and then all of the shares in the new company will be transferred to one of Spansion subsidiaries in Japan, Nihon Spansion Limited. The assets of the microcontroller and analog business outside Japan, as well as FSL's intellectual property and product inventory related to the microcontroller and analog business, will be transferred to Spansion. The sales price of microcontroller and analog business is approximately USD 110 million and the sales price of related inventory is approximately USD 65 million.