Manage updates with the Download App
Spansion exploring sale, halts interest payments
Spansion said Thursday that it is exploring a merger or sale, as the flash memory chip company delays interest payments on notes.
The Sunnyvale, Calif.-based company announced that it has been "exploring strategic alternatives, including, but not limited to, opportunities to merge with or sell to similar U.S. or foreign businesses."
Spansion, one of the largest flash memory suppliers, was formed by the integration of Advanced Micro Devices' and Fujitsu's flash memory operations in 2003. The company has posted a long string of losses as it has struggled to turn a profit in the fickle … Read more
