Dialog Semiconductor has agreed to acquire Atmel in a cash and stock transaction for total consideration of approximately $4.6 billion.
Dialog said this acquisition will complement its leadership position in Power Management ICs with a leading portfolio of proprietary and ARM based Microcontrollers in addition to high performance ICs for Connectivity.
“The rationale for the transaction we are proposing today is clear – and the potential this combination holds is exciting. By bringing together our technologies, world-class talent and broad distribution channels we will create a new, powerful force in the semiconductor space. Our new, enlarged company will be a diversified, high -growth market leader in Mobile Power, IoT and Automotive. We firmly believe that by combining Power Management, Microcontrollers, Connectivity and Security technologies, we will create a strong platform for innovation and growth in the large and attractive market segments we serve. This is an important and proud milestone in the evolution of our Dialog story” said Jalal Bagherli, Dialog Chief Executive Officer.