Advanced Micro Devices Inc. and Fujitsu Ltd. formed a new venture called FASL LLC that combined their flash memory businesses.

FASL, being considered the world's largest flash memory manufacturer, has the combined gross assets of approximately $3 billion and roughly 7,000 employees.

AMD and Fujitsu said their separate flash memory divisions have been integrated into FASL, which is 60% owned by AMD with Fujitsu controlling the remaining 40%.

The companies said FASL is headquartered in Sunnyvale, Calif., and will be headed by Bertrand Cambou as president and chief executive.

By: DocMemory
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