|
Atmel Announces Sale of Nantes Fab |
|
|
|
Dec 12, 2005 at 07:04 PM |
|
Atmel Corporation has announced that it has concluded
the sale of its Nantes, France manufacturing facility and the related foundry
activities to XbyBus, a French corporation.
"We are pleased to be able to announce the sale
to XbyBus which will preserve many jobs in France," said George Perlegos,
Chairman and Chief Executive Officer. "Additionally, this is an important
step in Atmel's plan to consolidate its manufacturing operations and reduce
costs."
XbyBus is planning to develop its activities in
electronic components at the site. Atmel anticipates a net charge of
approximately $8 million to $11 million for facilities and employee related
costs.
|
