Dialog Semiconductor to buy power management specialist iWatt
Swindon-based Dialog Semiconductor has bought US power management specialist iWatt for approximately $310 million, with additional contingent consideration of up to $35 million.
Acquisition highlights:
Enhances Dialog’s leadership in power management for Tablets and Smartphones by adding iWatt’s complementary AC/DC digital power management technology
Diversifies Dialog’s product portfolio, adding two high growth product families; AC/DC charger adaptor ICs and a broad range of LED Solid State Lighting ICs
Adds new Tier-1 customers and expands Dialog’s business opportunities at existing Smartphone Tier-1 OEMs
Expands Dialog’s addressable market into the adjacent digital power management space, unlocking new growth opportunities and increasing TAM by a potential $1.8 billion to $5.9 billion by 2015
Adds a portfolio of more than 110 patents
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