MagnaChip Semiconductor, which filed for bankruptcy protection in June 2009, has priced an initial public offering (IPO) of stock to raise about US$130 million. This is about half the amount it had originally said it planned to raise.

Spansion has received authorization to list its common stock on the New York Stock Exchange (NYSE). The company anticipates that trading will begin on or about June 23, 2010.

Spansion CEO John Kispert also said he could not confirm a recent Nikkei report indicating Texas Instruments was in final talks to buy two plants owned by Spansion Japan, as Spansion Japan is now a separate entity from Spansion.

Silver Lake Sumeru, the middle market investment group of Silver Lake, has announced that it recently closed on an investment in Spansion. Spansion has successfully emerged from bankruptcy.

Spansion has reported net profits of US$3.7 million for the first quarter, a return to profitability from net losses of US$512.6 million in the same quarter of 2009.

Spansion has received approval and confirmation of its plan of reorganization from the US Bankruptcy Court, which clears the way for Spansion's emergence from Chapter 11.

A company that bought the former Qimonda plant for a bargain price has announced plans to retrofit the 1.36 million-square-foot facility to host data centers.

Spansion has reported net sales of US$307.1 million for the fourth quarter of 2009, which marked its second consecutive profitable quarter with net income on a US GAAP basis of US$4.3 million.

Flash memory vendor Spansion Inc. Thursday (Dec. 31) reported its first quarterly profit since going public—despite declining sales—and said it plans to emerge from bankruptcy early in 2010.

Dubai's debt problems shook markets that are recovering from the collapse of the US housing market and contagion that threatened to rupture the global financial system last year.

The Portuguese DRAM test and assembly operation subsidiary of insolvent Qimonda has been offered a financial life line and is taking on a new name, according to local reports.

A Spansion spokesperson said through a prepared statement that a "small restructuring" took place at Spansion on October 26. The layoff was "necessary to better prioritize and align the company's resources with its business goals and emergence from Chapter 11," according to the statement.

The number of US bank failures this year has topped more than 100 after US federal regulators shut down a trio of small Florida banks.

Taiwan's DRAM makers "don't have enough money to invest in new technology," said Keich Lee, manager of memory marketing for Samsung Electronics. "We think after the downturn, the strong will get stronger and the weak will get weaker."

Qimonda already laid off 600 staff in April this year. Another 800 employees were sent on forced leave. Now, 590 of these will be laid off, while the remaining 200 employees will continue their force leave, according to local Portuguese media reports.

MagnaChip Semiconductor is poised to exit from Chapter 11 with the successful conclusion of its financial restructuring which was executed under the supervision of the US Bankruptcy Court.

PTI will provide final manufacturing services to Spansion at the Suzhou facility pursuant to a Supply Agreement between Spansion LLC and PTI. "We expect an uninterrupted supply of products to our customers after the transfer of ownership of the Suzhou facility...

Texas Instruments (TI) could be interested in taking over Qimonda's US-based assets, writes news service swissinfo.ch.

Inspur, a China-based IT solutions provider and server manufacturer, has agreed to acquire Qimonda's Xi'an R&D center for 30 million yuan (US$4.4 million).

After not finding an investor eager to acquire the whole company, Qimonda has appointed several companies to sell 300mm production equipment from the firm's manufacturing facilities in Germany and the US.

MagnaChip Semiconductor has announced that its parent companies filed a voluntary petition for relief under Chapter 11 of the US Bankruptcy Code, but its South Korean operations are not part of the bankruptcy filing.

Aviza Technology announced that is has filed for Chapter 11 bankruptcy as it goes ahead with efforts to sell certain of its assets to Sumitomo Precision Products.

There is no such thing as a final deadline for the Qimonda negotiations, the company's insolvency administrator clarifies. The search for an investor continues.

Nearly 5,000 firms in England and Wales went into liquidation and a record number of people succumbed to insolvency in the first three months of 2009, as the deepening recession claimed more victims.

The idea that Russia might save Qimonda to any great effect in the global chip industry is, I am afraid, ridiculous. And that's with or without the involvement of Russian prime minister Vladimir Putin in the discussions. But that does not mean an attempt will not be made.

Qimonda North America has appointed advisors for the sale of its semiconductor manufacturing assets in Sandston, Virginia, subject to bankruptcy court approval.

Qimonda AG's Portuguese unit said it's reducing its workforce to 1,000 and suspending the contracts of 800 of the remaining employees for six months.

Qimonda's insolvency administrator Michael Jaffe was hoping for signs that there would be further talks in both countries, Sueddeutsche Zeitung reported on Thursday, citing company sources.

Spansion said Friday that it received an additional delist warning from Nasdaq.

An end-of-March deadline for Qimonda AG to find investors has been extended, and liquidation of the memory-chip maker is still a possibility, according to court officials in Munich.

Inspur International, a Hong Kong-listed computer and information technology company, has said it's not interested in acquiring a stake in Qimonda AG, the memory-chipmaker that filed for insolvency in January. The Financial Times Deutschland reported on March 16 that the Shandong-based company would acquire about 50% of Qimonda to help the company exit bankruptcy.

There's a glimmer of hope for the thousands of Spansion employees outraged at their sudden firing last week. Spansion CEO John Kispert has issued a statement through a spokesman declaring the company would try to get employees the money they are owed through a bankruptcy court.

Ailing telecom equipment maker Nortel Networks, now operating in bankruptcy protection, said Monday its quarterly loss more than doubled as it booked over $2 billion in noncash writedowns and saw its sales plunge.

The company that was at one time the world's principal provider of NOR flash memory -- the more non-volatile variety -- had its own plans to go "asset light," to use a now familiar phrase, and to concentrate on licensing its intellectual property to companies with the muscle to do the heavy lifting. It sounds like a plan AMD just executed last month. As it turns out, Spansion had also been planning to license others to produce its designs.

Hundreds of laid-off Qimonda Richmond employees will not be paid their final paychecks or receive wages for vacation days and time off they earned before being dismissed by the memory-chip maker.