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Atmel Acquires IDT's Smart Metering Product Line To Broaden Smart Energy Portfolio

   Atmel Acquires IDT's Smart Metering Product Line To Broaden Smart Energy
                                  Portfolio

Acquisition Completes Atmel Smart Energy Portfolio From the Analog Front-end
to the Processor and Communications Stack

PR Newswire

SAN JOSE, Calif., March 7, 2013

SAN JOSE, Calif., March 7, 2013 /PRNewswire/ --Atmel^® Corporation (NASDAQ:
ATML), a leader in microcontroller and touch technology solutions, today
announced that it has completed the acquisition of Integrated Device
Technology's (NASDAQ: IDTI) smart metering IC product lines and technologies,
further enhancing Atmel's smart energy product portfolio. Terms of the
transaction were not disclosed.

(Logo: http://photos.prnewswire.com/prnh/20120530/SF15228LOGO)

The acquisition includes IDT's Metrology Analog Front End (AFE) and
System-On-Chip (SoC) devices for single- and poly-phase energy meters. The
smart metering IC product line offers best-in-class single- and poly-phase
measurement accuracy with better than 0.1 percent accuracy over 5000:1 dynamic
range and complements the existing family of Atmel smart metering offerings.
Atmel's smart metering portfolio includes the world's first single-chip power
line communications (PLC)-based solution targeting the rapidly growing PRIME
smart metering market.

"Smart energy is a key focus for Atmel and we are delighted that we have been
able to expand our smart energy solutions portfolio with this acquisition,"
stated Steve Laub, President and CEO, Atmel Corporation. "By offering a
broader, more integrated product portfolio, existing IDT and Atmel customers
now have access to a more complete and compelling suite of smart energy
solutions that will enable a wider range of applications."

According to market research firm Pike Research, annual smart grid revenue
will grow to $73 billion by 2020, a compound annual growth rate of over 10
percent.

AboutAtmel

Atmel Corporation(Nasdaq: ATML) is a worldwide leader in the design and
manufacture of microcontrollers, capacitive touch solutions, advanced logic,
mixed-signal, nonvolatile memory and radio frequency (RF) components.
Leveraging one of the industry's broadest intellectual property (IP)
technology portfolios,Atmelis able to provide the electronics industry with
complete system solutions focused on industrial, consumer, communications,
computing and automotive markets.

© 2013Atmel Corporation. All Rights Reserved. Atmel^®,Atmellogo and
combinations thereof and others are registered trademarks or trademarks
ofAtmel Corporationor its subsidiaries. Other terms and product names may be
trademarks of others.

Safe Harbor for Forward-Looking Statements

Information in this release regarding Atmel's forecasts, business outlook,
expectations, and beliefs are forward-looking statements that involve risks
and uncertainties. These statements may include comments about our future
operating and financial performance, including our earnings outlook beyond
2013 and the progress we may achieve with the integration of acquired products
into our business plans and strategies. All forward-looking statements
included in this release are based upon information available to Atmel as of
the date of this release, which may change. These statements are not
guarantees of future performance and actual results could differ materially
from our current expectations. Factors that could cause or contribute to such
differences include, without limitation, general economic conditions
(including solvency issues affecting various European countries, economic
slowdowns in China, and fiscal and budgetary uncertainties in the United
States), the cyclical nature of the semiconductor industry; the inability to
realize anticipated benefits related to our acquisition of the IDT products,
restructuring activities or other initiatives in a timely manner or at all;
the impact of competitive products and pricing; disruption to our business
caused by our increased dependence on outside foundries, industry and/or
company overcapacity or under capacity, including capacity constraints of our
independent assembly contractors, timely design acceptance by our customers,
timely introduction of new products and technologies, industry wide shifts in
supply and demand for semiconductor products; financial stability in foreign
markets and the impact of foreign exchange rates; adverse changes in tax laws,
unanticipated costs and expenses or the inability to identify expenses which
can be eliminated; the market price or volatility of our common stock;
compliance with U.S. and international laws and regulations by us and our
distributors, our ability to protect intellectual property rights, litigation
(including intellectual property litigation in which we may be involved or in
which our customers may be involved, especially in the mobile device sector),
the possible unfavorable results of legal proceedings, and other risks
detailed from time to time in Atmel's SEC reports and filings, including our
Form 10-K for the year ended December 31, 2012, filed on  February 26, 2013
and our subsequent Form 10-Q reports. Atmel assumes no obligation and does not
intend to update any forward-looking statements, whether as a result of new
information, future events or otherwise.

Investor Contact:
Peter Schuman, Director of Investor Relations
1-408-437-2026

Press Contact:
Sander Arts, Vice President of Corporate Marketing
Sander.arts@atmel.com
1-408-451-4885

SOURCE Atmel Corporation

Website: http://www.atmel.com
 
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