Japan’s Renesas Electronics Acquires U.K.’s Dialog Semiconductor for $5.9 Billion in Cash
Renasas Electronics made industry noise on Monday with the purchase of U.K. based Apple supplier Dialog Semiconductor for $5.9 billion. Shares of Dialog went shooting up 21% after news broke of the purchase, according to MarketWatch.com.
Dialog was founded in 1985 in Reading, United Kingdom and became very well known in 2007 after becoming the exclusive supplier of power management integrated circuits for all major Apple products.
Renesas, based in Japan, has become known as one of the worlds largest automotive semiconductor manufacturers. The company has also made a large stake in the production of microcontrollers. Renesas has made several acquisitions over the past decade, including Intersil and Integrated Device Technology, Inc, two large American semiconductor companies.
The purpose of this acquisition comes down to advancing it’s solution offerings within the semiconductor market. In a press release, Renesas states “The Acquisition announced today demonstrates Renesas’ continued and unwavering commitment to further advance its solution offering. The complementary nature of the companies’ technological assets and the scale of the combined portfolios will enable Renesas to build more robust and comprehensive solutions to serve high-growth segments of the IoT and automotive markets.”