In a bid to boost its smart energy portfolio
) recently completed the acquisition of
Integrated Device Technology's, Inc
) smart metering IC product lines and technologies for an
undisclosed amount. This acquisition includes IDTI's Metrology
Analog Front End (AFE) and System-On-Chip (SoC) devices for
single- and poly-phase energy meters.
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Targeting the rapidly growing PRIME smart metering market,
Atmel's smart metering portfolio includes the world's first
single-chip power line communications (PLC). The smart metering
IC (integrated circuit) product line features excellent
measurement accuracy in both single as well as poly-phase. The
recently acquired metering solution allows manufacturers to merge
the various types of meters into one standard model, thereby
simplifying the manufacturing process and reducing the overall
bill of materials.
Through a continuous pipeline of innovative products, Atmel and
IDTI customers now have access to a more complete suite of smart
energy solutions for a wider range of applications. With this
acquisition, Atmel has also expanded its smart energy solutions
portfolio to augment its revenues. According to a market research
firm, annual smart grid revenue is expected to grow to $73
billion by 2020.
Based in San Jose, Calif, Atmel designs, develops, manufactures
and sells IC products. These products include microcontrollers,
advanced logic, mixed-signal, non-volatile memory and radio
frequency (RF) components. The company has introduced a
substantial number of new products in the past few quarters,
which is likely to benefit the business during industrial
The company operates in an intensely competitive landscape that
includes big players such as
PLX Technology Inc
). Given the competition, constant technological upgrades are the
most befitting survival strategies of Atmel.
Atmel currently has a Zacks Rank #3 (Hold). One of its
Semiconductor Manufacturing International Corp
) carries a Zacks Rank #1 (Strong Buy).