Saifun Semiconductors licensed semiconductor technology used in a variety of consumer electronic products, such as mobile telephones, digital cameras and laptop computers. It also developed what it called nitride-read-only memory, or NROM, for the non-volatile memory market. Non-volatile memory devices can retain stored data when the power is switched off.
Exit: Saifun completed an IPO on NASDAQ in November 2005 and raised $135M. In October 2007, California-based Spansion (NYSE: CODE) disclosed that it had agreed to buy Saifun for $368M in cash and shares.