Dialog Semiconductor to acquire Creative Chips.

Dialog Semiconductor, a provider of power management, charging, AC/DC power conversion, Wi-Fi and Bluetooth low energy technology, agreed to acquire Creative Chips, a supplier of Integrated Circuits to the Industrial Internet of Things market, for up to $103m. The new acquisition is strategic for Dialog to establish itself as a proven supplier, well-positioned to capture the significant growth potential of the Industrial IoT market. It also provides Dialog with a rich portfolio of core IC products and a broad library of relevant analog, digital and RF technologies. The acquisition includes the addition of an experienced engineering team with a wealth of unique skills that, when combined with Dialog’s worldwide engineering, marketing and sales teams, will accelerate IC sales on a global basis. "The acquisition of Creative Chips is instrumental for Dialog, giving it a strong foothold in the Industrial IoT market, while still highly complementary to Dialog’s current mixed-signal business,” Jalal Bagherli, CEO of Dialog.