Spansion Inc.Sunnyvale, CA, United States (Pink Sheets: SPSNQ)

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Spansion Company Description

Spansion favors flash expansion. The company was formed as a joint venture between Advanced Micro Devices and Fujitsu to make and market flash memory devices. The two chip heavyweights created the company as an outgrowth of their decade-long collaboration in non-volatile memory. Flash memory is used in a wide variety of electronic devices, including wireless phones, networking equipment, and automotive subsystems. Spansion also provides hardware development tools and production manufacturing support. The unprofitable company is taking a number of measures to improve its results, and it may be sold, in pieces or as a whole. Spansion filed for Chapter 11 protection from creditors in early 2009.

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The Company Description provides a historical perspective of Spansion's organization from inception to current status.

Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Spansion's evolution in the marketplace.

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