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Atmel is to sell its East Kilbride-based smart cards business to Inside Contactless of France for undisclosed terms.
Atmel is to expand its electronics plant in East Kilbride, with the creation of 80 jobs.
Atmel is to invest a further £100m at its semiconductor plant on North Tyneside, with the creation of 150 jobs.
Atmel is to create 40 new jobs at its semiconductor plant in Wallsend, and is importing £34m-worth of production equipment from Texas.
Atmel of the US is to start production at its new North Tyneside microchip factory in June, and is looking to recruit 500 people by the end of the year.
Atmel of the US is to set up a smart card design centre at its existing facility in East Kilbride, employing up to 200 engineers.