Flight Cable Semiconductor restructuring plan approved by US Bankruptcy court

C114 Beijing Time April 20 Morning News (Shu Yunwen) spansion (flying Cable Semiconductor) announced 19th that its restructuring plan has been approved by the U.S. Bankruptcy Court, to provide the necessary support for its business.　　Affected by the global chip recession and financial crisis, Spansion filed for bankruptcy protection in March 2009, and was delisted by Nasdaq in MAY. October 26, 2009, Spansion submitted the first reorganization plan, December 22, the U.S. Bankruptcy Court approved Spansion amended disclosure statement.　　April 16, 2010, Spansion from the U.S. Bankruptcy Court approved the reorganization plan confirmation. "Over the past year, we have been committed to restructuring the company to ensure the best interests of creditors while adhering to customer supremacy and providing high-quality, differentiated solutions," said John Kispert, chief executive of Spansion Corporation. We firmly believe that the approval of the reorganization plan lays the foundation for spansion future success. With our strong balance sheet, advanced technology and aggressive team, we are very proud of our strong support for the reorganization plan and its eventual approval. ”