Spansion(R) Leads NOR Flash Memory Segment According to iSuppli | Cypress Semiconductor
Spansion(R) Leads NOR Flash Memory Segment According to iSuppli
Company Raised to Third in Total Flash Memory Market Share
SUNNYVALE, Calif., Sept 16, 2008 -- Spansion Inc. (Nasdaq: SPSN), the world's largest pure-play provider of Flash memory solutions, today announced that iSuppli, a leading electronics research firm, has named Spansion(R) as the largest supplier of NOR flash memory for the eleventh consecutive quarter, in its Flash Memory Market Share Analysis report summarizing second quarter 2008 results. In the second quarter, Spansion significantly outgrew the overall NOR industry with 7.5 percent growth and reached nearly 40 percent share of the NOR flash memory segment. In addition, Spansion is now the third largest supplier in the overall Flash memory market rankings.
"Since the company's IPO in 2005, Spansion has continued to execute against its strategy to leverage MirrorBit technology to create differentiated solutions," said Mark DeVoss, senior analyst for iSuppli. "The strategy seems to be paying off, as we've seen Spansion increase their share, now at nearly 40 percent for NOR. With new technologies on the horizon such as the Spansion EcoRAM(TM) solution, and with sales of MirrorBit(R) ORNAND2(TM) technology the potential exists for Spansion to continue its share growth."
Spansion has been leveraging its proprietary MirrorBit technology to grow its market share. Based on Spansion estimates and iSuppli's market share data, MirrorBit solution sales alone represented 31% of the NOR Flash memory segment, larger than the NOR sales of the next largest competitor. In addition, Spansion's sales into consumer, set-top box, industrial and other non-wireless applications are now more than 2.5 times larger than its closest competitor in the NOR industry.
"We've overtaken our nearest competitor in overall flash memory market share and substantially extended our leading position in NOR flash memory, demonstrating the continued high demand for our products," said Jeff Davis, executive vice president, Worldwide Sales and Marketing, Spansion. "The significant jump in market share growth can be attributed to our laser focus on innovation and strategy to deliver differentiated, value-added solutions based on MirrorBit technology. The next 18 months will be very exciting times for the company as we continue to execute against our technology roadmap to deliver new, differentiated products at leading-edge nodes that redefine the Flash memory industry."
iSuppli releases quarterly reports ranking the top Flash memory providers by revenue. The firm's newest report, based on Q2 2008 revenue anticipates that the Flash memory market will continue to be one of the fastest growing semiconductor segments.
Spansion is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in 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 http://www.spansion.com.
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 related to market share growth, demand for products, innovation and new products. 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 and the Form 10-Q for the quarter ended June 29, 2008. 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), Spansion(R) EcoRAM(TM) and combinations thereof, are trademarks of Spansion LLC. Spansion, the Spansion Logo and MirrorBit are registered in the U.S. and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.