Dialog's Adesto Buy Seen Bolstering Wearables, Industrial IoT Businesses
Dialog Semiconductor signed a definitive agreement to acquire outstanding shares of Adesto Technologies, a supplier of custom integrated circuits and embedded systems for the consumer, industrial IoT, medical and communications markets, for $500 million cash. The purchase will enhance Dialog’s…
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position in the industrial IoT market, said Dialog CEO Jalal Bagherli. The combined company will enable full systems for wearables and hearables by combining Adesto’s low-power specialty memory products with Dialog’s Bluetooth Low Energy, Wi-Fi and true wireless stereo ICs, Dialog said. It also enables future growth in the automotive market, said Dialog. The deal would also add engineering and design scale to make Dialog one of the largest custom analog mixed-signal semiconductor providers, it said. The transaction is expected to close in Q3.