Microchip maker Atmel ( ATML) said Thursday that it agreed to sell its French subsidiary Grenoble, including a manufacturing facility. Atmel will sell its subsidiary to e2v technologies of Britain for about $140 million in cash. According to the deal Atmel will retain rights to its patented finger print scanning recognition technology, while all other Grenoble products, including image sensors and aerospace qualified microprocessors, will be included in the sale. The transaction is expected to be completed during Atmel's third quarter and is subject to e2v technologies' shareholder approval. "This is an important step in Atmel's plan to consolidate its manufacturing operations as we continue to focus resources on our core technologies," said Atmel. The company's shares were trading at $4.93, up 2 cents, Thursday.