Publish date:

Atmel Rises on Deal

Author:

Chipmaker

Atmel

(ATML)

rose 2.4% in preopen

TheStreet Recommends

Island

trading after announcing it would sell $1.5 billion worth of products to

Siemens

over the next four years. Atmel also agreed to buy a troubled plant in the U.K. from Siemens.