semiconductor successor cypress semiconductor founded 2003 defunct march 12 2015 2015 03 12 headquarters sunnyvale california united states key people john kispert ceo and member of spansion s board of directors products flash memory based embedded systems revenue 1.3 billion usd annual 2013 number of employees 3 700 2014 website www.spansion.com spansion inc. was an american based company that designed developed and manufactured flash memory microcontrollers mixed signal and analog products as well as system on chip soc solutions . 1 2 the company had more than 3 700 employees in 2014 and is headquartered in sunnyvale california . spansion is a former joint venture between amd and fujitsu . 3 in august 2013 spansion closed the acquisition of the microcontroller and analog business of fujitsu semiconductor limited . 4 spansion has more than 10 000 customers worldwide . its products are used in the following markets automotive electronics home appliance peripheral computing equipment consumer equipment industrial and networking . 1 contents 1 history 1.1 mergers and acquisitions 2 products 3 manufacturing 4 financial 5 references 6 external links history edit spansion was founded in 1993 as a joint venture between amd and japan s fujitsu ltd. spansion was formerly known as fasl llc . 5 once amd took control of the company in 2003 it was renamed spansion llc in june 2004 5 and officially spun off as an independent maker of flash memory chips in december 2005 . 6 7 after joining the company in 2009 ceo john kispert brought spansion out of bankruptcy with over 1 billion in sales and 10 000 customers worldwide . in 2013 spansion purchased fujitsu s microcontroller and analog business for 175 million expanding spansion s work force by more than 1 000 worldwide . mergers and acquisitions edit in october 2007 spansion announced that it was acquiring israel based saifun semiconductors ltd. non volatile memory provider . the companies signed an agreement that consolidated all mirrorbit and nrom ip design and manufacturing expertise within spansion . as a result spansion expanded ip portfolio and enabled its immediate entry into the technology licensing business . 8 9 the acquisition closed on march 18 2008 . 8 9 in april 2013 spansion announced it would acquire the microcontroller and analog business of fujitsu semiconductor for approximately 110 million plus approximately 65 million for inventory . 10 spansion closed the acquisition deal in august 2013 . in december 2014 cypress semiconductor merged with spansion in an all stock deal worth 1.59 billion . shareholders of each side will own about 50 percent of the new company which will keep the name cypress semiconductor corp. the companies valued the deal at 4 billion . they expect it to close in the first half of 2015 and they expect to cut annual costs by 135 million within three years . cypress president and ceo t.j. rodgers will be ceo of the combined company which is expected to have 2 billion in annual revenue . spansion chairman ray bingham will be non executive chairman . products edit a spansion 4 mb flash memory chip on an altera terasic de1 prototyping board spansion s product portfolio offers nor densities ranging from four megabit to eight gigabits nand densities ranging from one gigabit to eight gigabits and an array of interfaces and features . 1 it has developed two flash memory technologies single bit per cell floating gate technology and one two or more bit per cell mirrorbit technology with mirrorbit products based on two bits per cell and allow offering a range of product configurations . 1 the company s products based on nor flash memory architecture are designed for code storage and execution and utilize either traditional floating gate technology or its mirrorbit technology . 1 spansion s nor and nand offering is targeted at embedded applications such as automotive industrial and telecommunications . 11 spansion concentrates on the embedded electronics market . its floating gate and mirrorbit technology is used to make networking and telecommunications equipment consumer electronics gaming equipment tv set top control boxes automotive equipment and personal computer peripherals . 12 the company s nor products offer designers the option to choose from 5v 3v and 1.8 v products that range from 1mb to 2gb . nand products offer 3v and 1.8 v products that range from 1gb to 8 gb . spansion s standard parallel nor flash includes spansion s mirrorbit nor gl al as cd cl f jl pl ns vs xs and ws families of flash memory . the products operate anywhere at 1.8 to 5.0 volts vcc feature a random read speed of 90 100 nanoseconds ns access and offer a page read speed of 25 ns via an 8 word page buffer . 13 spansion s serial peripheral interface spi devices read information serially or one bit at a time requiring fewer connections and pins allowing for lower costs and simplified board layouts . 14 serial flash memory is used in applications such as high end printers fpgas networking equipment and set top boxes . 15 the spansion spi fl family of serial flash memory densities for the spi flash memory devices range from 4 mb to 1 gb with uniform 4kb uniform 64kb and uniform 256kb 128mb 1gb fl s sectors and 4 mb with parameter sectors . 16 spansion developed the hyperflash nor memory devices based on the hyperbus interface . the family features read throughput of up to 333 megabytes per second more than five times faster than ordinary quad spi flash currently available with one third the number of pins of parallel nor flash . spansion hyperflash memory devices provide a migration path from single quad spi to dual quad spi to hyperflash memory allowing system applications to be scaled to different levels of flash performance when paired with compatible controllers giving oems the ability to offer different product models with a single design . 17 in august 2011 spansion announced that it had created the first single die 4 gigabit nor product implemented at the 65 nm node . in 2013 spansion acquired the fujitsu microcontroller and analog business including 8 16 and 32 bit microcontroller families . spansion s fm mcu microcontroller family which is based on the arm cortex m4 m3 m0 cpus comes in packages from 32 to 216 pins with flash memory densities between 56kb and 2mb . the spansion traveo microcontrollers are based on the arm cortex r5 core and the first series in the traveo family mb9d560 operate at 200 mhz . 18 spansion also acquired power management ics aimed at energy harvesting and led lighting . 19 the buck pmic for solar and vibrations energy harvesting mb39c811regulates output voltage with the quiescent current of 1.5 a. the boost pmic for solar and thermal energy harvesting mb39c831 . spansion s easy designsim is a comprehensive online design support tool for led driver circuit designers . manufacturing edit spansion is headquartered in sunnyvale california . the company s main wafer fabrication facility known as fab 25 is located in austin texas . 20 the company also operates one final manufacturing facility in bangkok thailand . in penang malaysia the company has a design center which focuses on providing design layout cad and verification services and support to cross site design centers . financial edit at the end of q2 2014 spansion reported results for its second fiscal quarter ; the company reported both gaap and non gaap results due to the impact of fresh start accounting . on a u.s. gaap basis spansion reported net sales of 314.7 million a 61.3 % year over year increase . on a non gaap basis gross margin was 33.2 % operating income was 22.1 million and net income was 15.6 million . 21 emergence from chapter 11 after filing a motion with the u.s. bankruptcy court for the district of delaware 22 in april 2010 spansion won court approval of its plan to exit bankruptcy and was allowed to reorganize the company . 23 on may 10 2010 spansion emerged from chapter 11 bankruptcy . its old common stock was previously deemed to be impaired and then cancelled ; the company issued new shares to those to whom it owed money . 24 the company began trading on the new york stock exchange on june 22 2010 under the ticker symbol code . 25 executive pay controversy john kispert was named ceo in february 2009 a month before the company s chapter 11 filing . 7 it was understood that kispert walked into a no win situation according to the local media . 7 with the company in turmoil and needing to reduce expenses 7 spansion laid off 3 000 employees without severance pay on february 23 2009 ceo john kispert was given a compensation package that could pay a 1.7 million bonus if he successfully found a buyer for the company or liquidated the company within six months 26 kispert never saw this bonus since he opted to file bankruptcy 7 in march 2009 . 27 managers received an 11 % increase in pay negating the effect of an earlier 10 % salary cut . 28 the company filed for chapter 11 bankruptcy on march 1 2009 amidst growing anger among former employees . 29 30 in 2010 a settlement was reached on behalf of former employees of spansion inc. whose employment was terminated on or around february 23 2009 . 31 kispert also instituted a policy of offering any new jobs first to the employees who were fired in 2009 . 7 references edit a b c d e reuters . spansion inc. . july 26 2010 . by mark lapedus ee times . spansion ships green memory line . april 20 2009 . spencer chin ee times . spansion ipo filings signals spinoff from amd . april 13 2005 . http www.electronicsweekly.com news business spansion completes fujitsu deal expands nand business 2013 08 a b bloomberg businessweek . spansion inc class a. july 6 2010 . michael feldman hpcwire . spansion brings nor flash to hpc . april 20 2009 . a b c d e f chris o brien san jose mercury news . the death and rebirth of spansion . july 10 2010 . a b design & reuse . spansion inc. closes acquisition of saifun semiconductors . on march 18 2008 . a b eetimes 10 oct 2007 long time partners spansion saifun sign merger emedia asia retrieved 2010 05 26 spansion to acquire microcontroller and analog business from fujitsu . retrieved 5 may 2013 . eetimes spansion to offer nand in deal with hynix . april 2 2012 http www.eetimes.com document.asp doc id 1261470 by kirk ladenfdorf american statesman . spansion to exit bankruptcy after more than a year . april 19 2010 . by staff ee times . 1 . november 29 2009 . by mark lapedus ee times . spansion rolls spi flash line . may 21 2009 huliq.com . spansion launches 128mb mirrorbit spi flash memory . april 10 2007 spansion mirrorbit spi fl . accessed july 13 2010 . http news.spansion.com 2014 02 17 spansion introduces breakthrough interface and worlds fastest nor flash memory http www.marketwatch.com story spansion expands traveo automotive microcontroller product family with new can fd interface offerings 2014 06 25 1318390 http venturebeat.com 2014 06 05 spansion eliminates need for batteries in tiny internet of things chips dylan mcgrath ee times . spansion plans to emerge from bankruptcy in q1 . december 31 2009 . http finance.yahoo.com news spansion inc reports second quarter 200400943.html spansion claims progress in emergence from chapter 11 eetimes april 4 2010 by steven church bloomberg businessweek . spansion wins court approval to reorganize exit bankruptcy . april 17 2010 . dan nystedt idg networkworld . spansion emerges from bankruptcy leaner . may 10 2010 . staff yahoo news . spansion to list on new york stock exchange . june 22 2010 . spansion