Atmel Corporation Introduces 2-Pin, Self-Powered Serial EEPROM
Aug 10 15
Atmel Corporation launched the Single-Wire EEPROM with only two-pins—a data pin and ground pin for operation—making the new family ideal for the Internet of Things (IoT), wearables, consumable, battery and cable identification markets. The new devices are self-powered, eliminating the need for a power source or Vcc pin, with a parasitic power scheme over the data pin. These devices provide best-in-class ultra-low power standby of 700nA, 200uA for write current, and 80uA for read current at 25 degrees Celsius—delivering just one-third of the power of competitors. With confined spacing in smaller IoT, wearables, battery and cable identification applications, Atmel's AT21CS01/11 devices eliminate the need for external capacitors and rectifiers with its parasitic power scheme over a single data pin. Additionally, the new devices have an ultra-high write endurance capability to allow more than one million cycles for each memory location to meet the requirements for today's high-write endurance applications. The AT21CS01/11 products include a simple product identification with a plug-and-play 64-bit unique serial number in every device, making the device ideal for smart, connected devices in today's IoT world including wearables such as smart fitness bands and healthcare devices. The devices also deliver electrostatic discharge (ESD) rating (IEC 61000-4-2 Level 4 ESD Compliant), so applications such as cables, consumables, etc. can tolerate exposure to the outside environment or direct human contact while still delivering flawless performance. The new devices follow the I2C protocol, allowing for an easy migration from existing EEPROM with less overhead and capability to connect up to eight devices on the same bus. The AT21CS01 devices offer a security register with a 64-bit factory programmed serial number and an extra 16-bytes of user programmable and permanently lockable storage, delivering a guaranteed unique serial number for inventory tracking, asset tagging and can permanently protect the data if needed. There are two variants of the device available to support different voltage requirements. Atmel's AT21CS01 is targeted for low-voltage applications operating at 1.7V- 3.6V. For applications that require higher voltage ranges such as Li-Ion/polymer batteries, the AT21CS11 will support 2.7V- 4.5V operating range and is the ideal product to meet IEEE1725 specifications for electronic identification of battery packs.
Atmel Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015
Jul 28 15
Atmel Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. Revenue for the second quarter of 2015 was $306.4 million, a 14% lower compared to $355.5 million for the second quarter of 2014. Non-GAAP revenue for the second quarter of 2015 was $306.3 million against $355.5 million a year ago. GAAP net income totaled $6.3 million or $0.02 per basic and diluted share for the second quarter of 2015. This compares to net income of $19.2 million or $0.05 per basic and diluted share for the second quarter of 2014. Non-GAAP net income for the second quarter of 2015 totaled $33.7 million or $0.08 per diluted share, compared to non-GAAP net income of $38.3 million or $0.09 per diluted share for the second quarter of 2014. Cash provided by operations totaled $25.9 million for the second quarter of 2015, compared to $52.5 million for the second quarter of 2014. Income from operations was $14,758,000 against $26,459,000 a year ago. Income before income taxes was $15,920,000 compared to $25,257,000 for the same period last year. Non-GAAP income from operations was $35,432,000 compared to $40,746,000 for the same period last year. Capital expenditures were approximately $11 million in the second quarter, up from $10 million in the first quarter.
For the six months, the company reported net revenue of $624,641,000 compared to $692,895,000 for the same period last year. Income from operations was $35,303,000 against $31,214,000 a year ago. Income before income taxes was $40,165,000 compared to $30,089,000 for the same period last year. Net income attributable to the company was $22,807,000 or $0.05 per basic and diluted share against $21,402,000 or $0.05 per basic and diluted share a year ago. Non-GAAP net revenue was $623,212,000 compared to $692,895,000 for the same period last year. Non-GAAP income from operations was $78,649,000 compared to $70,816,000 for the same period last year. Non-GAAP net income was $78,813,000 or $0.19 per diluted share against $67,443,000 or $0.16 per diluted share a year ago.
For the third quarter, the company expected revenue between $283 and $303 million and Non-GAAP gross margin 47.5% plus or minus 100 basis points. Gross margin is expected to improve sequentially due to ongoing cost reductions and efficiency enhancements. Given these ongoing operational improvements, the company expects to achieve a 50% non-GAAP gross margin at quarterly revenue of $325 million, which is down from prior target of $375 million. The company expects depreciation and amortization of approximately $14 million and capital expenditures of approximately $8 million to $12 million. The company expects non-GAAP tax provision to be approximately 5% to 7% of non-GAAP income in the third quarter.
For the full-year, the company expects CapEx of between $35 million and $45 million. The company expects non-GAAP income tax rate to remain in the mid-single-digits on a percentage basis.
Atmel Corporation Declares Quarterly Cash Dividend, Payable on September 24, 2015
Jul 28 15
Atmel Corporation announced that the Board of Directors has declared a quarterly dividend of $0.04 per share, payable on Sept. 24, 2015, to stockholders of record at the close of business on Sept. 14, 2015.