concluded the sale of its French subsidiary Grenoble, including a manufacturing facility for $140 million to e2v technologies of Britain.
According to the deal, Atmel retains rights to its patented finger print scanning recognition technology while all other Grenoble products, including image sensors and aerospace qualified microprocessors are included in the sale.
"As we previously announced on July 13, 2006, this sale represents another milestone in Atmel's plan to consolidate its manufacturing operations. We remain committed to focusing resources on our core technologies and developing leading-edge products for growth markets," the San Jose, Calif.-based company said.
The company's shares were trading at $4.71, down 8 cents Tuesday.
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