Atmel and Siemens Sign One and a Half Billion Dollar, Four Year Supply Agreement.Business Editors/High-Tech Writers LONDON--(BUSINESS WIRE)--Sept. 18, 2000 Atmel Corporation (Nasdaq:ATML ATML Automatic Test Markup Language ATML Automated Test Markup Language ) and Siemens AG Siemens AG German electrical-equipment manufacturer. The first Siemens company, Siemens & Halske, was founded in Berlin in 1847 to build telegraph installations. last month concluded a framework purchasing agreement which could see Atmel become a significant semiconductor supplier to Siemens in support of their expanding product offerings. Under the agreement, Atmel agrees to sell and Siemens agrees to buy $1.5 billion of products over the next four years. Atmel has also agreed to acquire specific manufacturing assets, including a fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. plant and some equipment in North Tyneside North Tyneside is a metropolitan borough of Tyne and Wear in the North East of England. Its seat is at the Town Hall, Wallsend. Created in 1974, the borough lies within the historic county boundaries of Northumberland. , England. This will facilitate the appropriate manufacturing infrastructure and production output to support the Siemens requirement. George Perlegos, Atmel's President and Chief Executive Officer said, "The signing of this supply agreement strengthens the relationship between the two companies. Atmel is delighted to be associated with Siemens in this venture, which also will help us grow our design and manufacturing presence in Europe." Atmel will install CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. , BiCMOS and Silicon Germanium process technology in the new fab and will manufacture .18 micron 8 inch wafers for non-volatile memory and microcontroller products. Specific financial terms of the agreements were not disclosed. About Atmel Founded in 1984, Atmel Corporation is headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. with manufacturing facilities in Colorado Springs, Colorado The City of Colorado Springs is the second most populous city (after Denver) in the state of Colorado and the 48th most populous city in the United States.[4] The city is the county seat of El Paso County. , Nantes and Rousset, France and Heilbronn, Germany. Atmel designs, manufactures and markets on a worldwide basis advanced logic, mixed-signal, non-volatile memory, and RF semiconductors. Atmel is also a leading provider of system level integration semiconductor solutions using advanced CMOS, BiCMOS, BiPolar and SiGe process technologies. Atmel product and financial information are available from its Fax-on-Demand service. In North America call 1-800-292-8635 or Internationally, call 1-408-441-0732. Requests may be made via e-mail to literature@atmel.com or by visiting Atmel's web site at www.atmel.com. Note to Editors: Atmel, the Atmel logo and combinations thereof and others contained herein, are trademarks of Atmel Corporation. Terms and product names in this document may be the trademarks of others. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion