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Technology pundits said Atmel is one of the best-positioned companies in the Internet of Things (IoT) realm, if not the best IoT company outright. The San Jose, California–based chipmaker boasts an enormous portfolio of microcontrollers and a deep expertise in security and automotive electronics hardware. Yet its underperforming stock price worried many in the industry.

The news about Atmel's desire to be acquired have been circulating for a few months. And that specific premise didn't go well with the company's IoT story. After all, how can one company claim a place in the IoT gold rush and also be willing to give up it autonomy while being an acquisition target?

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