Flash company Spansion to go public

By Justin Mann on
The flash industry is growing fast, for sure. California company Spansion, formed by a partnership of AMD and Fujitsu, is proof of that, and is going public soon with over 35 million shares for sale at around $16-18 each. AMD will own 40% of the company, and Spansion expects to get over a half billion in stock sales at the IPO. Both AMD and Fujitsu previously had separate flash industries, but opted to join together to compete against industry giants such as Samsung. Flash is becoming embedded into virtually every area of computing, and will most likely eventually replace most solid state storage. Companies like Samsung and Spansion have gotten off to good starts, and hopefully with more competition will come lower prices, making it a more useful technology overall.

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.