Infineon sells NOR Flash business to Winbond for $1.12 billion, reviving Spansion name

Winbond Electronics is buying Infineon Technologies' NOR Flash and F-RAM business for $1.12 billion in cash. The unit will be renamed Spansion, after the US memory maker whose NOR Flash line forms the core of the business.

• Deal value is $1.12 billion in cash
• Winbond acquires Infineon's NOR Flash and F-RAM business
• Unit will be renamed Spansion
• Spansion was a US NOR Flash pioneer