Contactless Smart Cards, RFID, Payment, Transit and Security

Atmel to sell Smart Card business

Monday, February 1, 2010

Microcontroller provider Atmel announced that its smart card business located in Rousset, France and East Kilbride, UK is up for sale, pending a comprehensive review of alternatives for its business.

The company also announced that it intends to discontinue sale discussions for its customer specific products and aerospace businesses.

Atmel’s sale of its wafer fabrication business in Rousset to Germany’s LFoundry GmbH, announced in December, is still on track, pending approval from French employee representatives of the Works Council in Roussetand.

Atmel’s ASIC business is a provider of high performance customer specific integrated circuits and security solutions to the industrial, aerospace and consumer markets operating in three branches: smart cards, customer specific products and aerospace.

Atmel has been pursuing strategic alternatives for the ASIC business and related manufacturing assets as part of its ‘transformation plan,’ which is aimed at focusing on the company’s high-growth and high-margin businesses. [end] 

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