Exhibit 99.1

Spansion Inc. Reports Fourth Quarter 2013 Results

Sunnyvale, California, February 4, 2014 -- Spansion Inc. (NYSE: CODE), a global leader in embedded systems solutions, today announced operating results for its fourth quarter ended December 29, 2013.

On a U.S. GAAP basis, Spansion reported fourth quarter net sales of $313.7 million, gross margin of 29.7%, operating loss of $9.4 million and net loss of $23.7 million. The GAAP operating loss includes $5.8 million of acquisition related costs and purchase accounting inventory markup.

On a non-GAAP basis, gross margin was 34.1%, operating income was $25.5 million and net income was $12.6 million.

For a reconciliation of GAAP to non-GAAP results, see accompanying tables “Reconciliation of U.S. GAAP to Non-GAAP Financial Measures.”

Fourth Quarter 2013 Financial Highlights:

Note: Percentages may not calculate precisely due to rounding.

Fourth Quarter 2013 Business Highlights:

“Our fourth quarter results reflect our leadership in embedded systems and focused execution on product innovation, quality and customer service,” said John Kispert, CEO of Spansion. “Our fourth quarter revenue increased 14% sequentially and 40% over the fourth quarter a year ago. We also expanded our product portfolio and market opportunities with the addition of our Microcontroller and Analog/Mixed Signal businesses.”

Kispert continued, “For the full fiscal year, we delivered profitable growth and made significant progress in new product introductions, technology development and design wins. We are confident about our future growth. Spansion is well positioned to deliver innovative embedded systems to address our customer requirements in the automotive, industrial, communications and consumer markets.”

Quarterly Conference Call and Accompanying Slide Presentations

Spansion will host a conference call Tuesday, February 4, 2014, at 1:30 PM PT/ 4:30 PM ET to discuss its fourth quarter 2013 results. A live webcast of the conference call, with accompanying slide presentations, may be accessed through the investor relations section of Spansion’s website at http://investor.spansion.com/.

Dial-in: 1-877-280-4956 (toll free), 1-857-244-7313 (International), Passcode: 97365860

An audio replay will be available within two hours of the call through February 11, 2014 and may be accessed via dial-in at 1-888-286-8010 (US), 1-617-801-6888 (International), with the Passcode 46037557 or by webcast on the investor relations section of Spansion's website at http://investor.spansion.com/.

Fourth Quarter 2013 Results

U.S. GAAP Results, in $millions except per share data and percentages

Non-GAAP Results, in $millions except per share data and percentages

Note: Percentages may not calculate precisely due to rounding.

Business Outlook

For the first quarter of 2014, Spansion estimates net sales in the range of $295 million to $320 million and GAAP diluted net loss per share of ($0.46) to ($0.42). Non-GAAP gross margin is expected to be in the range of 32.5% to 34.5%, and non-GAAP diluted EPS is expected to be in the range of $0.14 to $0.22. These estimates exclude amortization of intangibles of approximately $10 million, and stock compensation expense of approximately $1 million in COGS and $9 million in Net Income. These estimates also exclude charges related to litigation of $4 million to $6 million, $5 million to $6 million related to financing, one time items of $1 million to $2 million related to business alignment, and the recently acquired Fujitsu Microcontroller and Analog business including (i) $3 million to $4 million in inventory markup related to fair value accounting, and (ii) $2 million to $3 million in integration related costs.

About Spansion

Spansion (NYSE: CODE) is a global leader in embedded systems solutions. Spansion’s flash memory, microcontrollers, analog and mixed-signal products drive the development of faster, intelligent, secure and energy efficient electronics. Spansion is at the heart of electronics systems, connecting, controlling, storing and powering everything from automotive electronics and industrial systems to the highly interactive and immersive consumer devices that are enriching people's daily lives. For more information, visit http://www.spansion.com.

Spansion®, the Spansion logo, MirrorBit®, MirrorBit® Eclipse™ and combinations thereof, are trademarks and registered trademarks of Spansion LLC in the United States and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.

Cautionary Statement

This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those statements. The risks and uncertainties include statements related to the acquisition of the Fujitsu Microcontroller and Analog business and our ability to: improve our gross margins; grow revenue; maintain a competitive cost and expense structure; maintain a strong product portfolio; control operating expenses, particularly our sales, general and administrative costs; retain and expand our customer base in focus markets, and retain and grow our share of business within our customer base; penetrate further the embedded solutions market with our high density products and expand the number of customers in emerging markets; and successfully develop and transition to the latest technologies. In addition, the instability of the global economy and tight credit markets could continue to adversely impact our business in several respects, including adversely impacting credit quality and insolvency risk of the Company and its customers and business partners, including suppliers and distributors; bookings; and reductions and deferrals of demand for our products. We urge investors to review in detail the risks and uncertainties discussed in the company's Securities and Exchange Commission filings, including but not limited to our Annual Report on Form 10-K for the fiscal year ended December 30, 2012 and our Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2013, June 30, 2013 and September 29, 2013. Unless otherwise required by applicable laws, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Spansion Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(In thousands, except per share amounts)

Spansion Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In thousands except par value and shares)

Spansion Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(In thousands)

Use of Non-GAAP Financial Information

To provide investors and others with additional information regarding Spansion’s operating results, we have disclosed in this press release certain non-GAAP financial measures, including gross profit, operating income, net income, and adjusted EBITDA. These non-GAAP financial measures are a supplement to, and not a substitute for or superior to, the company’s results presented in accordance with U.S. GAAP.

The non-GAAP financial measures are provided to enhance the user’s overall understanding of the company’s operating performance. Specifically, the company believes the non-GAAP information provides useful measures to investors regarding the company’s financial performance by excluding certain expenses that the company believes are not indicative of its core operating results. For more information on non-GAAP financial measures, please see the reconciliations of such measures in the tables of this release.

Management believes these non-GAAP financial measures reflect Spansion’s ongoing business in a manner that allows for meaningful period-to-period comparison and analysis of trends in Spansion’s business, as they exclude expenses that are not reflective of ongoing operating results and provide useful information to investors and others in understanding and evaluating Spansion’s operating results and future prospects in the same manner as management. During the quarter ended December 29, 2013, the presentation of non-GAAP financial information included the addition of litigation reserve, interest expense, intangible amortization and stock compensation expense to the net income. Further adjustments due to acquisition related expense, gain on recovery from impaired investment, loss on acquisition, inventory mark-up amortization, financing costs, restructuring charges and others attempt to exclude items that are either non-cash or non-recurring in nature.

Reconciliation of U.S. GAAP to Non-GAAP Financial Measures

Net Sales to Non-GAAP Net Sales

Gross Profit to Non-GAAP Gross Profit

Operating Income (Loss) to Non-GAAP Operating Income

Net Income (Loss) to Non-GAAP Net Income and Adjusted EBITDA

Note: Totals may not add precisely due to rounding.

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