Contactless Smart Cards, RFID, Payment, Transit and Security

Atmel announces proposed sale of SMS business to INSIDE Contactless

Tuesday, May 4, 2010

Atmel Corp., a microcontroller and touch solutions provider, announced that France’s INSIDE Contactless has offered to purchase its Secure Microcontroller Solutions (SMS) business based in Rousset, France and East Kilbride, UK. Terms of the deal were not disclosed.

As part of the proposed transaction, Atmel would make a minority equity investment in INSIDE. In addition, INSIDE would enter into a multi-year supply agreement to continue sourcing wafers from the fabrication operation in Rousset, France that Atmel recently agreed to sell to LFoundry GmbH. [end] 

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