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Appeared on: Monday, September 28, 2015
Cypress Semiconductor Withdraws Bid For Atmel

Cypress Semiconductor has withdrawn its offer for Atmel, the second failed attempt by the company to acquire a chipmaker this year.

Cypress submitted a bid to Atmel's board, but dropped it after the offer expired, Cypress said on Monday.

Atmel makes small processors called microcontrollers used in a wide array of electronics. The chipmaker agreed this month to be bought by Dialog Semiconductor Plc for about $4.6 billion.

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