0

September 24, 2015 AT 7:50 am

Atmel to be acquired by UK’s Dialog Semiconductor in $4.6 billion deal

Adafruit 0398

Atmel to be acquired by UK’s Dialog Semiconductor in $4.6 billion deal – San Jose Mercury News.

A British semiconductor company that supplies chips to Apple said Monday it is acquiring Silicon Valley’s Atmel in a $4.6 billion deal that strengthens both companies to compete for business in the coming Internet of Things.

The acquisition has a smaller Dialog Semiconductor, based in the United Kingdom with 1,500 worldwide employees, buying Atmel, based in San Jose with 5,200 global employees, for more than Dialog’s market value. Dialog is issuing new shares and borrowing to finance the purchase.

The deal is something of a surprise, said Mark Hung of Gartner. Atmel was known to be for sale, but either a Chinese company or a larger American chip maker was expected to be the buyer.

Read more & press release here.


Check out all the Circuit Playground Episodes! Our new kid’s show and subscribe!

Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.

Join us every Wednesday night at 8pm ET for Ask an Engineer!

Learn resistor values with Mho’s Resistance or get the best electronics calculator for engineers “Circuit Playground”Adafruit’s Apps!


Maker Business — How Authority and Decision-Making Differ Across Cultures

Wearables — Perform operation

Electronics — Soldering Pointer!

Biohacking — Stretchable EEG Temporary Tattoos

Get the only spam-free daily newsletter about wearables, running a "maker business", electronic tips and more! Subscribe at AdafruitDaily.com !



No Comments

No comments yet.

Sorry, the comment form is closed at this time.