Atmelsa denies rumors of acquisition offer

Will another semiconductor big deal take place?

Siliconbeat reported that Cypress Semiconductor denied on September 28 that “market rumors” that it was preparing to acquire microcontroller manufacturer Atmel were not true.

According to reports, Cypress made an acquisition offer to Atmel, but the deadline has already passed and there is currently no intention to acquire Atmel.

This is because if Cypress were to acquire Atmel now, it would have to pay Dialog a penalty of nearly $140 million. Atmel announced last week that the British chip company Dialog is planning to acquire it for $4.6 billion.

Last December, Cypress (the world's number one SRAM manufacturer) announced that it would merge with Spansion, the world's number one NOR flash memory manufacturer.

Cypress provides high-performance, high-quality solutions at the heart of today's advanced embedded systems, ranging from automotive, industrial, and networking platforms to highly interactive consumer and mobile devices.

It offers a broad and differentiated product portfolio including NOR-type flash memory F-RAM and SRAM, Traveo™ microcontrollers, the industry's only PSoC programmable system-on-chip solution, analog and PMIC power management ICs, CapSense capacitive touch sensing controllers, and wireless BLE Bluetooth Low Energy and USB connectivity solutions. Based in San Jose, California, it has 7,100 employees worldwide.

Atmel is a global specialist in the design and manufacturing of microcontrollers, capacitive touch solutions, advanced logic LSIs, mixed-signal, non-volatile memory, and RF components. Leveraging an extensive portfolio of intellectual property (IP) technologies, it provides complete system solutions to the industry tailored to the industrial, consumer, security, telecommunications, computing, and automotive markets.