LONDON Microcontroller vendor Atmel Corp. (San Jose, Calif.) has announced it is exploring the potential sale of its smart card business located in Rousset, France and East Kilbride, Scotland but that it intends to discontinue potential sale discussions for its customer-specific products and aerospace businesses.
Besides offering smart cards, customer-specific products and aerospace ICs, the Atmel ASIC business operates a wafer fab in Rousset, France. As previously
announced, Atmel has entered into an agreement to sell the fab to LFoundry GmbH (Landshut, Germany).
"We are pleased with the progress we are making with the strategic alternatives process for the ASIC business and related manufacturing assets," said Steven Laub, Atmel's president and CEO, in a statement. "The proposed sale of the wafer fabrication business in Rousset remains on track, and we continue to discuss the potential sale of the SMS business segment with interested parties. As part of our review, we have also determined that shareholders' interests are best served by Atmel retaining the CSP and aerospace business segments."
Atmel said it expects the works council in Rousset, a workforce representation body, to render its opinion on the proposed LFoundry transaction in the first quarter of 2010. If Atmel receives the approval of the works council, it can enter into a definitive agreement with LFoundry.
Atmel has informed the employee representatives of the works council in Rousset that it proposes to sell the SMS business in addition to the wafer fabrication and that is under discussion an subject to consultation with the works council.
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