Spansion
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| Spansion Inc. | |
|---|---|
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| Type | Public (NASDAQ: SPSN) |
| Founded | 2003 |
| Headquarters | Sunnyvale, California, USA |
| Industry | Semiconductors |
| Products | Flash memory |
| Employees | 8,800 |
| Website | www.spansion.com |
Spansion Inc. is a joint-venture between AMD and Fujitsu that trades on NASDAQ under the symbol SPSN. Spansion has 8,400 employees and is headquartered in Sunnyvale, California.
[edit] History
In 1993, AMD and Fujitsu formed a 50-50 joint venture called FASL. In 2003, AMD increased its stake to 60%, and Fujitsu retained the remaining 40%. In December 2005, the joint venture went public, and AMD's stake decreased to 37%. The IPO raised $529 million, with Spansion selling 47,264,000 Class A shares at $12 per share, including 5,064,000 over-allotment shares.
