OREANDA-NEWS. Fujitsu Limited has concluded a contract with its consolidated subsidiary, Fujitsu Semiconductor Limited (Fujitsu Semiconductor), whereby Fujitsu Limited will absorb the latter's Microcontroller and Analog Business through a company split (Company Split 1). Fujitsu Limited has also concluded a contract with Nihon AM Semiconductor Limited (the New Company) which is newly established by Fujitsu Semiconductor. In this second contract, Fujitsu Limited will transfer this business, also through a company split (Company Split 2), to the New Company.

Company Split 1 and Company Split 2, collectively referred to as "the Company Splits," fall within the scope of consolidated subsidiaries established through a simple absorption-type separation. For this reason certain details are not included in this disclosure.

The Company Splits are undertaken to realize the smooth transfer of Fujitsu Semiconductor's Microcontroller and Analog Business to the U.S.-based Spansion LLC and affiliates, which Fujitsu Limited announced on April 30, 2013.

After the business is transferred from Fujitsu Limited to the New Company, Fujitsu Semiconductor will transfer all shares in the New Company to Nihon Spansion Limited.