May 25, 2016 11:22 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Spansion LLC

Company Overview

Spansion LLC provides flash memory circuit solutions. It offers code execution, data storage, and logic-on-flash solutions for automotive, consumer electronics, data center, networking, and wireless applications. The company was formerly known as FASL LLC and changed its name to Spansion LLC in June 2004. The company was founded in 2003 and is based in Sunnyvale, California. Spansion LLC operates as a subsidiary of Spansion Inc.

915 DeGuigne Drive

Sunnyvale, CA 94085

United States

Founded in 2003

Phone:

408-962-2500

Fax:

408-616-8174

Key Executives for Spansion LLC

Chief Scientist and Executive Vice President
Age: 64
Chief Administrative Officer and Executive Vice President
Age: 80
Executive Vice President of Embedded and Media Memory Division
Age: 62
Corporate Vice President of Corporate Development, Corporate Secretary and General Counsel
Age: 50
Corporate Vice President of Worldwide Sales
Age: 55
Compensation as of Fiscal Year 2015.

Spansion LLC Key Developments

Cypress Semiconductor Corporation Enters into Amendment No. 2 and 3 to Amended and Restated Credit Agreement

Cypress Semiconductor Corporation entered into amendment no. 2 to amended and restated credit agreement, dated as of March 23, 2016, made by and among Cypress Semiconductor Corporation, Cypress Semiconductor (Minnesota) Inc., Spansion Inc., Spansion LLC, Spansion Technology LLC, Spansion International AM, Inc., and Spansion International Trading Inc., the lenders party thereto, and Morgan Stanley Senior Funding, Inc. (the second amendment), which amends the amended and restated credit agreement, dated as of March 12, 2015, entered into by and among the company, the guarantors from time to time party thereto, the lenders from time to time party thereto, Morgan Stanley Senior Funding, Inc., as administrative agent and as collateral agent, and the other agents party thereto (as amended, modified or supplemented, the credit agreement). In addition, the company entered into Amendment No. 3 to Amended and Restated Credit Agreement, dated as of March 23, 2016, made by and among Cypress Semiconductor Corporation, Cypress Semiconductor (Minnesota) Inc., Spansion Inc., Spansion LLC, Spansion Technology LLC, Spansion International AM, Inc., and Spansion International Trading, Inc., the lenders party thereto, and Morgan Stanley Senior Funding, Inc. (together with the Second Amendment, the Amendments), which also amends the credit agreement. Each Amendment became effective on April 28, 2016 when the company satisfied all of the conditions to effectiveness. The amendments amend, among other things, the incremental facilities provisions of the credit agreement to allow for certain term loans and to allow for unlimited incremental facilities if the company is in pro forma compliance with a specified secured leverage ratio, the total leverage ratio covenant to permit higher total leverage ratios during certain periods, and the restricted payments covenant and investments covenant to provide additional restrictions for the use of certain baskets contained in such covenants.

Macronix International Co., Ltd. Files Patent Infringement Complaints Against Spansion International Inc, Spansion Llc, and Certain of Their Customers in Germany

Macronix International Co. Ltd. announced that they have filed a new patent infringement complaint against Spansion International Inc, Spansion LLC, and certain of their customers in Germany for infringement of certain Macronix patents covering separate aspects of non-volatile memory devices, including flash memory. The named respondents include Harman Becker Automotive Systems GmbH, Ruckus Wireless Inc. and Polycom GmbH. Macronix has taken this step to address the issues of Spansion's infringement of Macronix's patent rights as well as the infringement that arises when Spansion's customers import products containing infringing Spansion's devices, including Spansion flash memory devices, into Germany. The patents-in-suit relate to non-volatile memory technology and devices. In additional to monetary compensation, Macronix requests the court issues an injunction barring Spansion's infringing devices or products containing such components from further importation into and/or further commerce in Germany. This additional complaint follows those litigations in the United States against Spansion and/or its customers, and their respective decisions will be available in first or second quarter of 2015.

Macronix International Co., Ltd. and Macronix America, Inc. Files Additional Patent Infringement Complaints with USITC Against Spansion, Inc. Spansion LLC, Spansion (Thailand) Ltd. and its Customers, and Seeks Exclusion Order as Well as Cease and Desist Orders

Macronix International Co. Ltd. and Macronix America Inc. announced that they have filed a new patent infringement complaint against Spansion Inc., Spansion LLC, Spansion (Thailand) Ltd. and certain of their customers with the U.S. International Trade Commission (ITC) for infringement of four Macronix patents covering separate aspects of non-volatile memory devices, including flash memory. The named respondents include Aerohive Networks Inc., Allied Telesis Inc., Ciena Corporation, Delphi Automotive PLC and Delphi Automotive Systems, LLC, Polycom Inc., Ruckus Wireless Inc., ShoreTel Inc., Tellabs Inc. and/or Tellabs North America Inc., and TiVo Inc. Macronix has taken this step to address Spansion's rampant infringement of Macronix's patent rights as well as the infringement that arises when Spansion's customers import products containing infringing Spansion's devices, including Spansion flash memory devices, into the United States. Over the past 25 years, Macronix has invested in the research and development of non-volatile memory technology. As a result of those investments, Macronix has been granted more than 5,400 patents world-wide and more than 2,100 in the United States. In a 2011 analysis conducted by The Patent Board, Macronix ranked 18th worldwide, and first in Taiwan for patent strength in the semiconductor industry.

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Recent Private Companies Transactions

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