Atmel to Acquire Thomson-CSF Semiconducteurs Specifique Wholly Owned Subsidiary of Thomson-CSF.Business Editors & High-Tech Industry Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Dec. 20, 1999 Acquisition to Strengthen Atmel's Expertise in Wireless and Consumer End Markets Atmel Corp. (Nasdaq:ATML ATML Automatic Test Markup Language ATML Automated Test Markup Language ) today announced that it has agreed to acquire Thomson-CSF Semiconducteurs Specifique (TCS (Transportation Control System) A widely used integrated information system for railroad transportation developed by the Missouri Pacific Railroad Company in the late 1960s and early 1970s. It was later implemented by Union Pacific when the companies merged. ), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Thomson-CSF. Atmel intends to purchase a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in TCS. Specific financial terms of the planned transaction were not disclosed. The transaction, subject to customary closing conditions, is expected to close in the first quarter of 2000. "With expertise in image sensors and RF chips for wireless transmission, TCS will be an excellent complement for our existing businesses. The engineering design team gives us added expertise in areas we believe to be strategically important to Atmel as we execute our strategy of becoming a world leader in providing integrated solutions for the fast-growing wireless and consumer end markets," said George Perlegos, President and Chief Executive Officer of Atmel Corp. TCS specializes in the development and manufacture of specific integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. , including CCD CCD in full charge-coupled device Semiconductor device in which the individual semiconductor components are connected so that the electrical charge at the output of one device provides the input to the next device. and CMOS image sensors as well as analog, digital and RF ASICs, and silicon germanium. The TCS range of products is used in applications such as digital cameras, biometric thermal imaging sensors and RF contactless chips. TCS has its headquarters in Saint-Egreve, France, and has approximately 400 employees. For more information, see www.tcs.thomson-csf.com. Founded in 1984, Atmel Corp. is headquartered in San Jose, Calif., with principal manufacturing facilities in Colorado Springs, Colo., Nantes and Rousset, France, and Heilbronn, Germany. Atmel designs, manufactures and markets on a worldwide basis advanced logic, mixed-signal, nonvolatile memory, and RF semiconductors. Atmel is also a leading provider of system-level integration semiconductor solutions using advanced 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, BiPolar and SiGe process technologies. For more information, see http://www.atmel.com. Except for historical information contained herein, the matters set forth in this press release are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, including the impact of competitive products and pricing, timely design acceptance by our customers, timely introduction of new technologies, ability to ramp new products into volume, industry wide shifts in supply and demand for semiconductor products, industry overcapacity, deterioration of the financial situation in Asia, ability to integrate and manage acquisitions, and other risks detailed from time to time in Atmel's SEC reports and filings. Note to editors: Atmel, the Atmel logo and any combinations thereof are trademarks of Atmel Corp. |
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