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Electronics Production | May 18, 2005

Atmel to sell wafer fab in Nantes

Atmel Corporation announced it's intentions to sell its semiconductor manufacturing facility in Nantes, France.
The Atmel facility, owned since 1998, is a 6-inch wafer fab with a current production capacity of 2500 wafers per week. It manufactures semiconductors in BiCMOS, CMOS and non-volatile technologies in line widths down to 0.5 microns and is 0.35 micron-capable.

"As we look to focus on more advanced technologies and to reduce our overall cost structure, we have decided to sell our Nantes facility," stated George Perlegos, Atmel's President and Chief Executive Officer. "The intended sale of this facility represents an early step in our efforts to return Atmel to profitability. Additionally, we are diligently working to determine several more actions that we could take in order to help us operate more efficiently, reduce our labor force and bring down our costs."
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