Atmel Corporation (Atmel) is engaged in designing, developing and supplying of microcontrollers. Atmel offers a portfolio of touch products, which integrate its microcontrollers with touch-focused intellectual property (IP). Its semiconductors also enable applications in many other fields, such as smart-metering for utility monitoring and billing, buttons, sliders and wheels found on the touch panels of appliances, various aerospace, industrial and military products and systems, and electronic-based automotive components, like keyless ignition, access, engine control, lighting and entertainment systems, for standard and hybrid vehicles. In October 2012, it sold its Serial Flash memory product lines to Adesto Technologies Corporation. In March 2013, Integrated Device Technology Inc (IDT) announced IDT has transferred the assets and design team of its smart metering IC product lines to the Company.