However, only Microchip will nominate the slate to Atmel's seven-member board. It has not yet disclosed whom it plans to nominate.

The proposal, led by Microchip, offers a premium of about 52 percent to Atmel's closing price of $3.28 on October 1 and values the company at $2.3 billion, Microchip and ON said in a joint statement.

--Microchip Technology is leveraging the power of Artificial Intelligence to assist software developers and embedded engineers in writing and debugging code with the launch of its MPLAB ® AI ...

--Offering an efficient way to manage multiple licenses, Microchip Technology has launched MPLAB ® XC Unified Compiler Licenses for its MPLAB XC8, XC16, XC-DSC and XC32 C compilers. This unified ...

The dividend is payable on June 5, 2025, to stockholders of record on May 22, 2025. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003. About Microchip: ...