Press Release: AMD and Fujitsu Limited today announced the formation of a new Flash memory semiconductor joint venture that will market its solutions under the new Spansion™ global product brand name. The new company, FASL LLC, was formed by the integration of AMD’s and Fujitsu’s Flash memory businesses. The new joint venture is the largest Flash memory company in the world based on dedicated resources that include gross assets having a net book value of approximately US$3 billion and approximately 7,000 employees. Spansion Flash memory solutions are available worldwide from AMD and Fujitsu.
“We plan to make Spansion Flash memory the pre-eminent brand in the memory market,” said Dr. Bertrand Cambou, president and CEO of FASL LLC. “The Spansion brand symbolizes new horizons and possibilities for our customers, helping them to create products with greater value and differentiation. We expect that the combination of our focus on customers, next-generation technology, process design and integrated manufacturing will help us emerge as the global Flash memory leader.”
“We are pleased to announce the inauguration of this new company that increases Fujitsu’s and AMD’s focus and commitment to the Flash memory market,” said Toshihiko Ono, chairman of the board, FASL LLC (and Fujitsu Limited corporate senior vice president and group president of Fujitsu’s Electronic Devices Business Group). “Both AMD and Fujitsu share a common vision to help customers design market leading products using Spansion Flash memory solutions.”