Microchip takes chipmaker Atmel for about 3.26 billion euros

Jan

21

2016

Microchip Technology takes competitor Atmel for an amount of $ 3.56 billion, converted 3.26 billion. Atmel makes among other microcontrollers that can be found on many Arduino development boards are.

In May 2015 Microchip had already spent $ 839 million down for chipmaker Micrel and in 2014 the company Supertex bought for 394 million dollars. That same year, Microchip also took over the Belgian EqcoLogic for an undisclosed amount, writes The New York Times.

Atmel microchip had been on the eye. In 2008 did the manufacturer along with On Semiconductor a hostile bid of $ 2.3 billion to the chip maker. At the time, the two were planning to split Atmel. Analysts had Samsung might also be interested in Atmel.

The acquisition of Atmel with Microchip Technology has been approved by the board of directors of both companies and should be completed in the second quarter of 2016. However, it still requires the approval of shareholders of Atmel and the companies still await regulatory approvals off.

Microchip Technology is an American maker of, among other micro-controllers and memory chips. The company, founded in 1987, competes with chip makers like Texas Instruments and the Dutch NXP. Atmel, also American, makes next microcontrollers also touchscreen controllers, and chips for the automotive industry and wireless technologies.

Viewing:-147

In: Technology & Gadgets Asked By: [15229 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »