The ATLAS experiment at LHC will use several layers of silicon pixel detectors as the innermost elements of the semiconductor tracker. The barrel layers in the central region and the disks in the forward regions will be assembled from detector modules with active areas of #approx#10 cm"2 each. Every module will contain a silicon sensor with pixels of 50 x 300 #mu#m"2 size and 16 (10) VLSI front end chips which are connected to the sensor using a flip chip technology. Each of the overall >10"8 pixel elements is connected to a low power, high speed charge sensitive preamplifier, a fast discriminator, and a readout system which operates at the 40 MHz rate of LHC. The pixel system is presented with an emphasis on the readout e...