Atmel Selling Its Texas Wafer Fab Facility For $38 Million

Sale of Irving plant will help company to improve its financial strength.

SAN JOSE, Calif. - Atmel Corp., a manufacturer of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components, announced Wednesday the sale of its Irving, Texas wafer fabrication facility for about $38 million.

"The sale of our Irving facility is another positive step in our plans to consolidate Atmel's manufacturing operations, focus resources on our core technologies and increase shareholder value," said Steve Laub, Atmel President and CEO. "We are making measurable progress improving Atmel's financial strength, and will be announcing and implementing additional actions throughout 2007."