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Electronics Production | June 25, 2010

Atmel completes sale of operation in France

Atmel has completed the previously announced sale of Atmel's wafer fabrication operation located in Rousset, France to LFoundry GmbH.
This transaction was previously approved by employees of the Rousset fab and the Works Council of Atmel Rousset. As of the closing, over 750 employees employed at the Rousset fab, which manufactures Atmel's high-performance ASIC, memory and microcontroller devices, become part of LFoundry.

Atmel will purchase wafers under a supply agreement from LFoundry for up to four years. During the second quarter of 2010, Atmel expects to record a loss on the sale of the Rousset fabrication operation that will not exceed $110 million.

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