M&A Deal Summary

Microchip Acquires Atmel

On January 19, 2016, Microchip acquired semiconductors company Atmel for 3.4B USD

Acquisition Highlights
  • This is Microchip’s 7th transaction in the Semiconductors sector.
  • This is Microchip’s largest (disclosed) transaction.
  • This is Microchip’s 8th transaction in the United States.
  • This is Microchip’s 6th transaction in California.

M&A Deal Summary
Date 2016-01-19
Target Atmel
Sector Semiconductors
Buyer(s) Microchip
Deal Type Add-on Acquisition
Deal Value 3.4B USD
Advisor(s) Qatalyst Partners LP (Financial)
Jones Day (Legal)

Target

Atmel

San Jose, California, United States
website
Atmel's corporate headquarters in San Jose, California.
Atmel's corporate headquarters in San Jose, California.
Atmel Corp. is a designer and manufacturer of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Atmel provides the electronics industry with solutions focused on industrial, consumer, communications, computing and automotive markets. Atmel Corp. was established in 1984 and is based in San Jose, California.

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Buyer(S) 1

Buyer

Microchip

Chandler, Arizona, United States

website

Category Company
Founded 1989
Sector Semiconductors
Employees21,000
Revenue 6.8B USD (2022)
DESCRIPTION
Entrance to Microchip's corporate headquarters in Chandler, Arizona.
Entrance to Microchip's corporate headquarters in Chandler, Arizona.

Microchip develops, manufactures and sells specialized semiconductor products used by customers for a wide variety of embedded control applications. Microchip's product portfolio comprises general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers, a broad spectrum of high-performance linear, mixed-signal, power management, thermal management, RF, safety, security, wired connectivity and wireless connectivity devices, as well as serial EEPROMs, Serial Flash memories, Parallel Flash memories and serial SRAM memories. The Company also licenses Flash-IP solutions that are incorporated in a broad range of products. Microchip was founded in 1989 and is based in Chandler, Arizona.

DEAL STATS #
Overall 10 of 13
Sector (Semiconductors) 7 of 9
Type (Add-on Acquisition) 10 of 13
State (California) 6 of 7
Country (United States) 8 of 10
Year (2016) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Micrel

San Jose, California, United States

Micrel, Inc. is a manufacturer of IC solutions for the worldwide high performance linear and power, LAN and timing and communications markets. Micrel's products include advanced mixed-signal, analog and power semiconductors; high performance communication, clock management, MEMS-based clock oscillators and crystal-less clock generators, Ethernet switch and physical layer transceiver ICs.

Buy $839M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Microchip Technology - Mobile Touch Assets

Chandler, Arizona, United States

Microchip Technology, Inc. - Mobile Touch Assets is a includes manufacture of semiconductor products like integrated touch and display drivers.

Sell -
Mergr

Product

Company

Legal