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Dialog Semiconductor to Acquire Atmel for $4.6B
from the fewer-and-fewer-vendors dept.
The San Jose Mercury News reports [mercurynews.com]
A British semiconductor company that supplies chips to Apple said [September 21] 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.
[...]Mergers among semiconductor companies have reached record levels in the past year as smaller companies combine forces to cope with the rising cost of making chips.
[...]Other chip companies that have combined forces recently include Cypress Semiconductor, which acquired Spansion; Avago Technologies, which acquired Broadcom and LSI; and Intel, which recently announced it is acquiring Altera in a deal aimed at strengthening its cloud offerings.
El Reg adds [theregister.co.uk]
In July, there were also reports that Chinese government [theregister.co.uk] owned chipmaker Tsinghua Unigroup was bidding $23bn to buy Micron, the USA's top DRAM and flash manufacture.
The Dialog-Atmel transaction is expected to close in the first quarter of 2016.
Are any Soylentils still using AVRs? Any problems getting silicom?
