French Worker Approval for Sale of Atmel’s Rousset Fab to LFoundry

(PresseBox) (Landshut, ) LFoundry GmbH, a leading analog / mixed signal silicon foundry, today announced that the proposed aquisition of Atmel’s wafer fabrication operation in Rousset, France, has been approved by employees at the facility and the Rousset Works Council. Subsequent to receiving Works Council approval, Atmel sought and obtained approval from its Board of Directors to enter into a stock purchase agreement with LFoundry for the sale. Over 700 workers are currently employed at the Atmel Rousset wafer fab.

“We are pleased that the employees in Rousset have voted in favour of the fab acquisition through LFoundry and that the Atmel Board of Directors subsequently approved to enter in an agreement with LFoundry for the sale,” said Michael Lehnert, LFoundry CEO. “With this achieved milestone we are on track with our mission of rapidly growing our foundry business and providing unparalleled flexibility to our customers”

About LFoundry
LFoundry, headquartered near Munich, Germany, is a leading analog / mixed signal silicon foundry with a 200 mm production line providing access to manufacturing services down to advanced analog 0,15 ?m CMOS technologies with innovative extensions. Based in the heart of Europe, LFoundry is in an excellent position to support a wide portfolio of applications, especially when it comes down to high flexibility and the customization of technologies.

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