Atmel Completes Sale of Serial Flash Product Families to Adesto Technologies
SAN JOSE, Calif., Oct. 1, 2012 /PRNewswire/ — Atmel(® )Corporation (NASDAQ: ATML), a leader in microcontroller and touch technology solutions, today announced that it has completed the sale of its Serial Flash memory product lines to privately-held, Adesto Technologies Corporation. Terms were not disclosed. The transaction covers the Atmel AT45XXX (“Data Flash”) and AT25XXX (“BIOS Flash”) product families and employee teams supporting those products. To help ensure a smooth customer transition, Atmel has agreed to provide transition services to Adesto. Atmel has retained its Serial EEPROM, Crypto and Digital Temperature Sensor memory product lines and plans to continue to invest in those businesses.
Atmel Corporation (Nasdaq: ATML) is a worldwide leader in the design and manufacture of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry’s broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on industrial, consumer, communications, computing and automotive markets.
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Peter Schuman, Director of Investor Relations
Agnes Toan, PR Manager
SOURCE Atmel Corporation