Definitions

Atmel

Atmel

{{Infobox Company | company_name = Atmel Corporation | company_logo = | company_type = Public (} | foundation = 1984 | location = San Jose, California, USA | industry = Semiconductors | products = Microcontrollers
Flash memory | num_employees = 7800 | homepage = www.atmel.com }}

Atmel Corporation is a manufacturer of semiconductors, founded in 1984. Its focus is on system-level solutions built around flash microcontrollers. Its products include microcontrollers (including 8051 derivatives and AT91SAM and AT91CAP ARM-based micros), and its own Atmel AVR and AVR32 architectures, radio frequency (RF) devices, EEPROM and Flash memory devices (including DataFlash-based memory), and a number of application-specific products. Atmel supplies its devices as standard products, ASICs, or ASSPs depending on the requirements of its customers. In some cases it is able to offer system on chip solutions.

Atmel serves a range of application segments including consumer, communications, computer networking, industrial, medical, automotive, aerospace and military. It is an industry leader in secure systems, notably for the smart card market.

The President and CEO of Atmel is Steven Laub.

Atmel owns two semiconductor facilities:

Among its chief competitors are STMicroelectronics, Texas Instruments, Freescale, Analog Devices and Microchip Technology.

History

Atmel introduced the first 8-bit Flash microcontroller in 1993, based on the 8051 core.

Atmel announced the sale of its North Tyneside, (England) facility (Fab9) on October 08 2007. The manufacturing equipment was sold to Taiwan Semiconductor Manufacturing Company, Ltd.(TSMC) and the property and associated land to Highbridge Business Park Limited. The closure led to the loss of 600 jobs when production ceased in early 2008.

On 2 October 2008, Steven Laub announced an unsolicited offer from Microchip Technology and ON Semiconductor valued at $5 per share.

Controversy

The former chairman and CEO, George Perlegos, was terminated after an eight-month investigation into theft by Atmel's travel manager. The Board of Directors accused him and his brother Gust (an executive vice president of the company) of spending US$235,000 of the company's money on airplane tickets for themselves and their immediate families. However, the Delaware Chancery Court expressed its "discomfort with the thoroughness and fairness of the investigation and with the decisions."

In August 2006, Perlegos called a meeting to replace five of the existing board of directors, which the Board of Directors attempted to cancel. In March 2007, the Delaware Chancery Court ruled that the shareholder meeting must proceed. This action was completed before Perlegos was dismissed as a board member, but after he was removed as president. The action resulted in a special shareholder vote. The meeting was held on May 18. According to the certified vote count, one of the directors proposed by Perlegos garnered just under 30% of the votes, short of the 50% needed.

See also

References

External links

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