May 25, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Flash memory provider Spansion Inc. (AMEX: CODE) said that its new Japanese subsidiary, Spansion Nihon Ltd., has acquired the distribution business of Spansion Japan, Spansion's former subsidiary.

According to the company, the applications engineering, customer service, marketing, quality and sales functions from Spansion Japan’s transition to Spansion Nihon and will continue to operate from their current Kawasaki location.

Leading the new organization is Shinji Suzuki, president of Spansion Nihon, who rejoins Spansion after retiring in July of 2006.

Spansion Nihon will continue to serve the Japan market primarily through the Fujitsu sales channel, extending a longstanding partnership between Spansion and Fujitsu that dates back to 2003 when AMD and Fujitsu created Spansion.

Spansion Japan, located in Aizu-Wakamatsu, continues to manufacture wafers and provide sort services for Spansion on a foundry basis.

The acquisition of the Spansion Japan distribution business follows a corporate reorganization of Spansion Inc., which resulted in the company’s emergence from U.S. Chapter 11 restructuring on May 10.  

On February 9, 2009, Spansion Japan voluntarily entered into a proceeding under the Corporate Reorganization Law of Japan to obtain protection from its creditors as part of the company's restructuring efforts.

During the Chapter 11 process, Spansion separated from Spansion Japan operationally and for financial reporting purposes. As of May 24, Spansion continues to own the stock of Spansion Japan. Spansion Japan filed its plan of reorganization on April 26 and said it continues to work through approval of its plan.

California-based Spansion's technology is used in various electronics systems.

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