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Updated: July 8th, 2008 05:26 PM CDT

Atmel Completes Sale of Grenoble, France Subsidiary

via PRNewswire

SAN JOSE , Calif., Aug. 1 /PRNewswire-FirstCall/ -- Atmel(R) Corporation(Nasdaq: ATML), a global leader in the development and fabrication of advanced semiconductor solutions, announced today that it has concluded the sale of its Grenoble, France subsidiary including the manufacturing facility for $140 million to e2v technologies plc, a British corporation.

"As we previously announced on July 13, 2006 , this sale represents another milestone in Atmel's plan to consolidate its manufacturing operations. We remain committed to focusing resources on our core technologies and developing leading-edge products for growth markets," said George Perlegos, Chairman and Chief Executive Officer.

Atmel retains rights to its patented finger print scanning recognition technology. All other Grenoble products including image sensors and aerospace qualified microprocessors are included in the purchase by e2v technologies plc.

About Atmel

Atmel is a worldwide leader in the design and manufacture of microcontrollers, 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 consumer,industrial, security, communications, computing and automotive markets, Atmel ICs can be found Everywhere You Are (R).

Atmel(R), logo and combinations thereof, Everywhere You Are (R) and others, are registered trademarks, or trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.

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