Spansion (CODE) says it will buy Fujitsu Limited's (FJTSY.PK) microcontroller and analog...

|By:, SA News Editor

Spansion (CODE) says it will buy Fujitsu Limited's (FJTSY.PK) microcontroller and analog business for $175M including $65M for inventory. CODE says the purchase "aligns with [its] strategy to expand into system-on-chip solutions that require leadership in embedded Flash technology." The acquisition should be accretive to earnings this fiscal year. (PR)