) recently announced that leading telecommunication equipment maker
Samsung has selected the former's maXTouch mXT1664S controller to
power its recently launched Galaxy Note 10.1 tablet
The tablet provides a wide touchscreen display driven by Atmel's
mXT1664S controller for a superior touch experience. Atmel's
maxTouch technology will enable users to experience swift response,
superior accuracy which covers unintended touches, lower device
power consumption, bright displays and better operations with noisy
California based Atmel Corporation designs, develops,
manufactures and sells integrated circuit (IC) products. These
products include microcontrollers, advanced logic, mixed-signal,
non-volatile memory and radio frequency (RF) components.
With the acquisition of Quantum in 2008, the company launched
numerous new products into the fast-growing capacitive touch
sensing market. Touch-sensing technology is the fastest growing
area in Atmel's microcontroller business and is expected to remain
a major growth driver in the coming quarters.
The phenomenal growth is driven by continued rapid growth of
smartphones, the rise of Android tablets and the penetration into
new high-volume applications. Atmel continues to see the
touch-sensing market expand rapidly beyond smartphones into new
applications, such as tablets, netbooks, cameras, printers,
automotive, and other areas.
Atmel expects to continue its strong relationship with Samsung
and power the forthcoming releases as well.
Earlier, international payment solution provider, Ingenico chose
Atmel Corporation's maXTouch solution to power the wireless payment
portals of its iWL200 Series model. The company's maXTouch
solutions continue to drive a number of touch devices from
smartphones to 7-inch tablets and are now encouraged to support
Ingenico's user-friendly payment platforms.
Atmel's maXTouch solutions are noted for their robust features
such as multi-touch with infinite touch capability, facility of
providing superior assistance to the large-screen devices and
optimized power consumption.
Currently, Atmel's maXTouch mXT224 touch screen technology is
supporting Ingenico's globally accepted iWL280 portable payment
terminal. This mXT224 controller offers a superior touchscreen
experience to the customers through its 224-node and single-chip
Atmel invested heavily in its Microcontroller business even
during the downturn and released a substantial number of new
products in the past few quarters, which will benefit the business
as the industry traverses through the path to recovery.
We continue to maintain a Neutral recommendation on Atmel
Corporation. Our recommendation is supported by a Zacks #3 Rank
which translates into a short-term rating of Hold.
ATMEL CORP (ATML): Free Stock Analysis Report
To read this article on Zacks.com click here.