Dialog is to acquire Atmel in a cash and stock transaction that values the latter at $4.6bn. According to Dialog, the deal will create a global leader in power management and embedded processing solutions.Dialog is to acquire Atmel in a cash and stock transaction that values the latter at $4.6bn. According to Dialog, the deal will create a global leader in power management and embedded processing solutions.
According to Dialog’s CEO Jalil Bagherli, pictured, the rationale for the deal is clear. “The potential this combination holds is exciting. By bringing together our technologies, world class talent and broad distribution channels we will create a new, powerful force in the semiconductor space.”
The combined company is looking to become a leader in the mobile power, IoT and automotive sectors. “This is an important and proud milestone in the evolution of our story,” Bagherli added.
Dialog is already a market leader in the power management sector and will acquire a portfolio of proprietary and ARM based microcontrollers, as well as devices for connectivity, touch and security.
“Adding Dialog’s capabilities in power management with Atmel’s keen focus on microcontrollers, connectivity and security will enable Dialog to more effectively target high-growth applications within the Mobile, IoT and Automotive markets,” claimed Steven Laub, Atmel’s president and CEO.
Author
Graham Pitcher
Source: www.newelectronics.co.uk