From Austin Business Journal, March 2, 2009...
One week after laying off 35 percent of its workers, including 164 in Austin, computer chipmaker Spansion Inc. filed for Chapter 11 bankruptcy protection.
Sunnyvale, Calif.-based Spansion (Nasdaq: SPSN), which operates a 1,000-person manufacturing plant in Austin, said it plans to restructure its debt and refocus on more profitable markets. Each of Spansion’s U.S. subsidiaries also filed Chapter 11 petitions, company officials said.
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