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Spansion Bolsters Development Plans for Its Revolutionary MirrorBit(R) ORNAND2(TM) Architecture | Cypress Semiconductor

Spansion Bolsters Development Plans for Its Revolutionary MirrorBit(R) ORNAND2(TM) Architecture

Last Updated: April 22, 2008

Company Establishes Headquarters for Security and Advanced Technology Division in Italy

MILAN, Italy, April 22, 2008 -- Spansion Inc. (Nasdaq: SPSN), the world's largest pure-play provider of Flash memory solutions, today announced it has strengthened development plans for its revolutionary MirrorBit(R) ORNAND2(TM) architecture and secure products strategy by establishing headquarters for its Security and Advanced Technology Division in Agrate Brianza (Milan). The division will lead Spansion's efforts to develop differentiated Flash memory security solutions and expand its MirrorBit technology application areas currently served by NAND.

Carla Golla, executive vice president for Spansion Inc., leads the SATD division and employs leading scientists and experts in the field of silicon design, product development, product engineering, marketing and manufacturing control. A seasoned industry executive who joined Spansion last July, Golla holds more than 50 patents and is optimistic that the consolidated division will continue setting the pace in the market for advanced Flash technologies that meet the increasingly complex requirements of today's mobile and consumer devices.

"The new headquarters for SATD represent Spansion's ongoing commitment to innovate Spansion's planned MirrorBit ORNAND2 and secure memory solutions, driving the company's leadership position, as well as growth into new markets," said Carla Golla. "To support this growth and focus requires the best minds in the industry and we now have the opportunity to recruit from a pool of experienced professionals located in this European hot bed of engineering talent."

MirrorBit ORNAND2 Product family

The first planned major development from SATD is the MirrorBit ORNAND2 product family, based on a SONOS-like memory cell connected in a NAND memory array at 45 nanometers. MirrorBit ORNAND2 will feature fast write performance and superior quality compared to floating-gate NAND technology and allows consumers to store and access their favorite pictures, music, audio-books and videos on a broad range of portable devices. The pace of innovation in the world of portable and affordable consumer devices is creating strong demand from manufacturers for more and more storage memory on progressively smaller die sizes. For these devices, traditional floating gate technology has reached its limit. The proprietary charge-trapping storage architecture of MirrorBit ORNAND2 meets these evolving market needs today and into the future.

Spansion Secure Memory Solutions

SATD is also responsible for driving the strategic direction and deployment of Spansion secure memory solutions including the company's MirrorBit HD-SIM(TM) product family. The new MirrorBit HD-SIM multi-chip is based on an advanced microcontroller designed by Spansion which offers several communication interfaces, including USB (high speed, full speed and interchip), MMC/SD and Single Wire Protocol (SWP), in addition to ISO 7816. Bundled with either Spansion MirrorBit NOR or MirrorBit ORNAND2 Flash memory, it will enable a wide range of densities, ranging from a few megabytes to several gigabytes of storage capacity on SIM cards for mobile users. "Spansion's MirrorBit ORNAND2 architecture addresses the increasing demand for data storage in embedded memory applications," said Stuart Robinson, analyst at Strategy Analytics. Mobile phone handsets, digital consumer products, and automotive multimedia equipment are innovating at a frantic pace in Europe and worldwide to keep pace with consumer demands for functionality, price and design. By establishing its SATD headquarters in Italy, Spansion has a well- placed hub for research and development talent in these ever-changing markets."

About Spansion

Spansion is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in the wireless, automotive, networking and consumer electronics applications. Spansion, previously a joint venture of AMD and Fujitsu, is the largest company in the world dedicated exclusively to designing, developing, manufacturing, marketing and selling Flash memory solutions. For more information, visit

Cautionary Statement

This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding plans to develop and deploy secure memory solutions and expand Spansion's MirrorBit technology, including plans for the MirrorBit ORNAND2 product family. Investors are cautioned that the forward- looking statements in this release involve risks and uncertainties that could cause actual results to differ materially from the company's current expectations. The company urges investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the company's Annual Report on Form 10-K for the fiscal year ended December 30, 2007. The company assumes no obligation to update any forward-looking statements or information included in this press release.

Spansion(R), the Spansion Logo(R), MirrorBit(R), MirrorBit(R) Eclipse(TM), ORNAND(TM), ORNAND2(TM), HD-SIM(TM) and combinations thereof, are trademarks of Spansion LLC. Spansion, the Spansion Logo and MirrorBit are registered in the US and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.