Fujitsu said that about 1,000 employees, mainly in the MCU and analog
business, would transfer to Spansion. Fujitsu added that its
microcontroller and analog business generated about 55 billion yen
(about $550 million) in 2012 fiscal year.
"We have been strategic
partners with Fujitsu Semiconductor for decades and share many of the
same customers," Kispert said. "We expect a seamless transition for all
of the employees and customers."
Spansion (Sunnyvale, Calif.) reported first quarter sales of $189.6 million, down 15 percent from the previous quarter and down 13 percent from the same period of 2012. The company reported a net loss for the quarter $14.4 million, compared to a net income of $6.9 million in the previous quarter and a net loss of $13.1 million in the year ago quarter.
Spansion's sales for the quarter came up short of consensus analysts' expectations, according to Yahoo Finance. Kispert said Spansion believes its sales bottomed out in the quarter and that the company expects its financials to improve in the second quarter.
Spansion said it expects sales for the second quarter to increase to between $200 million and $220 million. Analysts had been expecting Spansion to forecast sales of about $222 million, according to Yahoo Finance.
"We are encouraged by design win progress, especially with our newer products as they continue to meet the growing flash memory requirements across automotive, consumer, communications, gaming and industrial applications," Kispert said in a statement.
Related links and articles:
Fujitsu chip business faces radical restructure
Fujitsu, Panasonic to form fabless chip firm
Spansion sees strong embedded, consumer growth for flash
Spansion eyes aggressive road map after strong Q2