Microchip and ON Semiconductor Respond to Atmel Board Rejection

CHANDLER & PHOENIX, Ariz.—(BUSINESS WIRE)—October 30, 2008— Microchip Technology Incorporated (NASDAQ: MCHP) and ON Semiconductor Corporation (NASDAQ: ONNN) today announced that they are disappointed with Atmel Corporations (NASDAQ: ATML) rejection of Microchips and ON Semiconductors proposal to acquire Atmel for a significant premium at $5.00 per share in cash without engaging in any discussions with Microchip and ON Semiconductor. Microchip and ON Semiconductor will consult with their respective Boards of Directors and advisors and will determine their next steps in due course.

About Microchip Technology

Microchip Technology Incorporated (NASDAQ: MCHP) is a leading provider of microcontroller and analog semiconductors, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. Headquartered in Chandler, Ariz., Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit Microchips website at www.microchip.com.

About ON Semiconductor

With its global logistics network and strong product portfolio, ON Semiconductor Corporation (NASDAQ: ONNN) is a preferred supplier of high performance, energy efficient, silicon solutions to customers in the power supply, automotive, communication, computer, consumer, medical, industrial, mobile phone, and military/aerospace markets. The companys broad portfolio includes power, analog, DSP, mixed-signal, advance logic, clock management, non-volatile memory and standard component devices. Global corporate headquarters are located in Phoenix, Arizona. The company operates a network of manufacturing facilities, sales offices and design centers in key markets throughout North America, Europe, and the Asia Pacific regions. For more information, visit http://www.onsemi.com.



Contact:

Microchip Investor Contact
MacKenzie Partners
Amy Bilbija, 650-798-5206
Email Contact
or
Microchip Media Contacts
Sard Verbinnen & Co.
David Reno, 212-687-8080
Email Contact
Andrew Cole or Ron Low, 415-618-8750
Email Contact / Email Contact
or
ON Semiconductor
Investor Contact
Ken Rizvi, 602-244-3437
Email Contact
Media Contact
Anne Spitza, 602-244-6398
Email Contact




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