Product category:
Microprocessors, Microcontrollers and DSPs
News Release from: Atmel Corporation
Edited by the Electronicstalk Editorial
Team on 02 May 2007
Atmel sheds unwanted fab
Atmel Corp has sold its Irving, Texas wafer fabrication facility for approximately US $38 million in cash.
Atmel Corp has sold its Irving, Texas wafer fabrication facility for approximately US $38 million in cash The sale of this noncore facility will help optimise Atmel's manufacturing operations and is consistent with our plans to enhance profitability, accelerate the company's growth and reduce costs
"The sale of our Irving facility is another positive step in our plans to consolidate Atmel's manufacturing operations, focus resources on our core technologies and increase shareholder value", said Steve Laub, Atmel President and CEO.
"We are making measurable progress improving Atmel's financial strength, and will be announcing and implementing additional actions throughout 2007".
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