In my journeys around the world, meeting with the leading providers of the most advanced electronics, I walk away inspired and challenged to find ways we can enable more innovation in their markets. I challenge all of my Spansion colleagues on how we can be a strategic partner to help customers innovate more efficiently and faster – to make a difference in the electronics that touch all of our lives at home, at work, on the go.
Innovation may mean different things to different people – the coolest gadget, solving new design challenges, more jobs, industry recognition and awards. For me, it means leveraging our extensive IP portfolio of more than 2,000 patents on everything from technology, know-how, process methodology and design expertise, to create new markets and new classes of products that solve our customers’ needs and substantially enhance the lives of consumers.
Today we reached a significant milestone in Spansion’s history. After two and half years of litigation, we reached an agreement with Samsung to resolve our differences and settle all ongoing patents. I am extremely proud of our engineers who have worked diligently over the years on developing Spansion’s patent portfolio. Protecting and monetizing our IP is core to Spansion’s growth strategy.
This agreement today validates the strength of our IP portfolio and demonstrates our employees’ determination and smart innovation – two important values of Spansion. We have a strong foundation to build from and we plan to expand our licensing business for both our IP and technology.
Spansion is on a path to enable innovation in next generation electronics. I look forward to innovating with our customers and the industry.
