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Spansion Announce Foundry Agreement with TI

(Business News, 01 Sep 2010 )

Spansion Inc. has entered into a foundry services agreement with Texas Instruments Inc. (TI) for Flash memory products and sort services through June 2012 from TI's facility in Aizu-Wakamatsu, Japan. The agreement provides Spansion with additional manufacturing flexibility and further supplements the company's production at its Fab 25 in Austin, Texas.

As part of this transaction, TI has obtained certain 300mm process tools from Spansion and a license to certain Spansion IP, including but not limited to Floating Gate NOR unit processes, to enable TI to manufacture Spansion product pursuant to the foundry agreement, and to manufacture TI products, at the Aizu-Wakamatsu facility.

"Our customers depend on the reliability and longevity of Spansion's product offerings," said John Kispert, President and CEO of Spansion. "This foundry agreement with TI will give us greater capacity and flexibility to meet specific customer requirements and underscores our commitment to providing industry-leading customer support."

Spansion

Texas Instruments

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