Atmel Powers Samsung's Tablet - Analyst Blog
June 20 2011 - 12:48PM
Zacks
Atmel Corporation (ATML) recently
announced that Samsung has selected – Atmel maXTouch mXT1386, one
of the company’s touch screen solutions, to power its flagship
model Galaxy Tab 10.1.
Atmel maXTouch continues to drive a number of touch devices from
smartphones to 7-inch tablets and is now encouraged to power one of
the hottest Android tablets in the market. Management stated that
the new tablet will give consumers a phenomenal touch
experience.
With the acquisition of Quantum in 2008, Atmel launched numerous
new products into the fast-growing capacitive touch sensing market.
Management estimates that capacitive sensing products will rapidly
penetrate the overall
touch sensing market, which in turn, is expected to grow from over
$1 billion in 2007 to more than $3 billion in 2011.
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. As smartphones become ubiquitous in
use, touch sensing products will continue to gain traction.
Moreover, Atmel has strong ties with Nokia
(NOK), Motorola (MSI), Sharp, Toshiba, HTC and
Samsung. Atmel expects Asia to be its fastest growing region,
driven by the growth of local electronics companies in Asia and the
continued outsourcing of production by large North American and
European OEMs, particularly by microcontroller customers.
As expected by management, Atmel continues to see the
touch-sensing market expanding rapidly beyond smartphones into new
applications such as tablets, netbooks, cameras, printers,
automotive and other areas.
Atmel Corporation’s top-line growth continues to accelerate,
driven by solid growth in 8-bit and 32-bit micron rollers and touch
sensing products. Atmel is currently focusing on its core
Microcontroller business and is halting development in non-core
areas with the aim of targeting high-growth and high-margin
businesses.
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