AMD-Fujitsu Flash Venture Goes Live

 
 
By eweek  |  Posted 2003-07-14 Email Print this article Print
 
 
 
 
 
 
 

FASL LLC, the joint venture between AMD and Fujitsu dedicated to the production of flash memory, was officially incorporated this week.

FASL LLC, the joint venture between AMD and Fujitsu dedicated to the production of flash memory, was officially incorporated on Monday. The new venture will sell flash products under the "Spansion" brand name. FASL was formed at the end of March by the two companies. AMD will own 60 percent of the new company, and FASLs results will be consolidated in AMDs financial statements. FASLs official headquarters will be in Sunnyvale, the home of AMD, with a sister office in Tokyo. "We plan to make Spansion Flash memory the pre-eminent brand in the memory market," said Dr. Bertrand Cambou, president and chief executive of FASL, in a statement. "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."
The merged company will be worth $3 billion, based upon existing assets, and employ about 7,000 workers.
 
 
 
 
 
 
 
 
 
 
 

Submit a Comment

Loading Comments...
 
Manage your Newsletters: Login   Register My Newsletters























 
 
 
 
 
 
 
 
 
 
 
Thanks for your registration, follow us on our social networks to keep up-to-date
Rocket Fuel