On May 27th, Steve Laub, President and CEO of Atmel, was interviewed by the Wall Street Transcript. The CEO discussed a number of subjects with the prestigious publication, including the recent acquisition of IDT’s smart metering product line, the purchase of Ozmo Devices and the Internet of Things (IoT).
“Today, it’s estimated that there are nearly 10 billion devices in the world connected to the Internet, and this is expected to triple to nearly 30 billion devices by 2020,” Mr. Laub explained. “The ‘Internet of things’ represents perhaps the greatest potential growth market for semiconductors over the next several years.”
The CEO also noted that Atmel remained focused on designing the absolute lowest-power products, particularly in microcontrollers.
“As the world becomes more mobile, more devices are becoming portable and battery-powered. Therefore, ultra-low-power consumption is important for success, and we bring out the lowest power products in the marketplace,” said Mr. Laub.
“In addition, we are willing to move quickly. For example, a key reason we have been able to get into the market for touch sensing, the IoT and the smart metering markets, is because we are willing to act and make decisions quickly, such as to make the necessary acquisitions when required to enhance our technology.”
The full Wall Street Transcript interview with Atmel President and CEO Steve Laub can be read here in .PDF format.