Atmel Completes Sale of Serial Flash Group
Monday, October 1, 2012
San Jose, CA – 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.