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Atmel Corporation
Atmel Completes Sale of Manufacturing Operation in Heilbronn, Germany
January 16th, 2009
Atmel(R) Corporation (NASDAQ:ATML) announced that it has completed the previously announced sale of the Company's wafer fabrication operation in Heilbronn, Germany to Tejas Silicon Holdings (UK) Limited ("TSH(UK)"), enabling Atmel to achieve its goal of reducing the number of its manufacturing facilities from five to two in 2008. "The announcement is a further step in our aggressive transformation plan to enhance Atmel's competitive position and unlock the value inherent in Atmel for our stockholders," said Steven Laub, Atmel's President and Chief Executive Officer. "Atmel continues to increase its focus on and investment in its high-growth, high margin proprietary...
Source: Health Business Week (2009-01-16)
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