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Electronics Production | October 07, 2008

Toshiba to buy Spansion?

Japan-based Toshiba is rumoured to be interested in buying U.S. chip maker Spansion.

However, Spansion - former joint venture of Fujitsu and AMD - has not disclosed terms of the deal. Both companies are still shareholders - 11.4% (Fujitsu) and 8.7% (AMD), reports Reuters. Spansion's shares plummet 72% this year as the memory chip sector struggles with oversupply.
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