The rumors concerning Atmel’s sale to China Electronics Inc. had been trending in the market before the company confirmed its acquisition by Dialog Semiconductor. As per the reports, Dialog has bought Atmel for a huge sum of $4.6 billion.
Dialog, headquartered in the UK, hopes that this deal will help it diversify offerings in IoT, mobile and car markets. Company’s CEO Jalal Bagherli considers it an amazing opportunity for both the firms to make a significant impact on the market. According to him, the world-class talent, high-end technology and broad distribution channels of both the companies will help Dialog create a powerful force in semiconductor space.
Earlier, China Electronics Inc. was in talks with Atmel, but things didn’t go well. The global semiconductor industry is going through a consolidation process now, and the deal between Dialog and Atmel is a part of this procedure. Some of the other transactions happened in the sector make room for the following names — Altera Corp.’s acquisition by Intel Corp. for $16.7 billion and Avago Technologies bought Broadcom Corp. for $37 billion.
Atmel develops microcontrollers and other related products that are used in a host of market segments including automotive, industrial, consumer, computing and communications.