Revenues jump for chipmaker Spansion

Feb 5, 2014
Austin American Statesman

Chip manufacturer Spansion’s fourth-quarter revenues rose 40 percent over last year, the company said Tuesday

Still the company’s fourth quarter revenues of $313.7 million slightly missed analysts’ expectations of $320 million, according to Barron’s

The results “reflect our leadership in embedded systems and focused execution on product innovation, quality and customer service,” said Spansion CEO John Kispert

Last year, Spansion struck a deal with Japan’s Fujitsu Ltd. to buy Fujitsu’s microcontroller and analog chip business, paying $110 million, plus $65 million for chip inventory, for a business that brings in an estimated $500 million a year

At the time, Kispert said the deal would enable Spansion to expand its product offerings and to combine its flash memory technology with Fujitsu’s strengths in power management and controller chips to create new families of integrated products called “systems-on-a-chip” for the automotive, industrial and consumer markets

Spansion is headquartered in Silicon Valley, but has a substantial manufacturing operation in Austin, where it employed nearly 1,000 workers as of last year

For the current quarter, the company sees revenue in a range of $295 million to $320 million, and earnings per share of 14 cents to 22 cents. That compares to consensus for $309 million and 18 cents

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