Online information source for semiconductor professionals
Spansion up for grabs as its seeks strategic alternatives
Popular articles
Oberai discusses Magma’s move into solar PV yield management space - 29 August 2008
Samsung and Micron gain most market share in DRAM crisis - 17 February 2009
TSMC hosts 2008 Green Forum on ‘green’ factories - 31 October 2008
Micron moving fast on Hynix in Q208 NAND flash rankings, says iSuppli - 19 August 2008
Numonyx to close California Technology Center - 12 August 2008
Spansion has employed Barclays Capital to support efforts that could see the company sold or merge with another company as its struggles in the current industry downturn. Concern has grown recently on whether the company can remain solvent as losses have continued since its spin off from AMD, several years ago.
The NOR flash memory manufacturer has also delayed paying interest instalments on an outstanding loan, which the company said was part of a potential balance sheet restructuring move. A 30-day cure period on the 11.25% Senior Notes due 2016 has been initiated.
Spansion said that it would investigate business opportunities with both U.S. and foreign companies. Spansion has two main front-end manufacturing operations in the U.S. and Japan.