Dialog Semiconductor to Buy IoT IC Supplier Creative Chips for $80 Million
Dialog Semiconductor agreed to buy Creative Chips, a supplier of power management, charging, Wi-Fi and Bluetooth Low Energy integrated circuits for the industrial IoT. Due to close in Q4, the purchase would give Dialog growth potential in the industrial market,…
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while giving the semiconductor maker an additional portfolio of core IC products and analog, digital and RF technologies, Dialog said Monday. The cash acquisition for about $80 million has additional consideration of up to $23 million, based on 2020 and 2021 revenue targets.