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Dialog Semiconductor

{{Short description|Anglo-German semiconductor company}}

{{Use dmy dates|date=August 2014}}

{{Infobox company

| name = Dialog Semiconductor Plc

| logo = Dialog Semiconductor logo.svg

| image = File:Dialog Semiconductor Reading UK HQ.jpg

| image_caption = Dialog Semiconductor Corporate HQ in Reading

| type = Subsidiary

| foundation = {{Start date and age|1985}}

| location = Reading, United Kingdom (operational), London, United Kingdom (registered office)

| locations =

| key_people = Rich Beyer (Chairman),{{cite web |url=https://www.dialog-semiconductor.com/company/board-directors |title=Board of Directors |publisher=Dialog Semiconductor |accessdate=24 November 2015}} Jalal Bagherli (CEO),{{cite web |url=https://www.dialog-semiconductor.com/company/management-team |title=Management Team |publisher=Dialog Semiconductor |accessdate=24 November 2015 |archive-date=8 December 2015 |archive-url=https://web.archive.org/web/20151208175258/http://www.dialog-semiconductor.com/company/management-team |url-status=dead }} Wissam Jabre (CFO), Mark Tyndall (SVP Corporate Development)

| area_served =

| industry = Electrical engineering

| products = Semiconductors, integrated circuits

| services =

| revenue = {{decrease}} US$1,376 million (2020){{cite web |url= https://www.annualreports.com/HostedData/AnnualReports/PDF/NASDAQ_DLGS_2020.pdf |title=Dialog Semiconductor 2020 Annual Report |publisher=Dialog Semiconductor |accessdate=14 February 2024}}

| operating_income = {{decrease}} US$120.9 million (2020)

| net_income = {{decrease}} US$84.49 million (2020)

| assets = {{decrease}} US$2,121 million (2020)

| equity = {{increase}} US$1,654 million (2020)

| num_employees = 2,286 (2020)

| parent = Renesas Electronics

| divisions =

| subsid =

| homepage = {{URL|renesas.com}}

}}

Dialog Semiconductor Plc is an Anglo-German semiconductor-based system designer and manufacturer. The company is headquartered in the United Kingdom in Reading, with a global sales, R&D and marketing organization. Dialog creates highly integrated application-specific standard product (ASSP) and application-specific integrated circuit (ASIC) mixed-signal integrated circuits (ICs), optimised for smartphones, computing, Internet of Things devices, LED solid-state lighting (SSL), and smart home applications.

Dialog operates a fabless business model, but maintains its own test and physical laboratories in Kirchheim.{{Cite web|url=https://www.dialog-semiconductor.com/company/test-and-physical-laboratories|title=Test and Physical Laboratories|last=sysadmin|date=2015-03-23|website=Dialog Semiconductor|language=en|access-date=2019-07-02}} Since 2021, the company is a subsidiary of Renesas Electronics.{{Cite web |last=Flaherty |first=Nick |date=2021-08-31 |title=Renesas completes €4.8bn acquisition of Dialog Semiconductor with management change |url=https://www.eenewseurope.com/en/renesas-completes-e4-8bn-acquisition-of-dialog-semiconductor-with-management-change/ |access-date=2024-04-17 |website=eeNews Europe |language=en-US}}

History

Dialog Semiconductor was created in May 1985 as IMP (UK) Limited, the European subsidiary of U.S.-based International Microelectric Products, Inc. In late 1989, Daimler-Benz (now Daimler AG) acquired IMP (UK) and folded the business into subsidiary Temic Telefunken Microelectric GmbH. In March 1998, Apax Partners, Adtran, and Ericsson provided funding for the subsidiary (then named Dialogue Semiconductors) to separate from Daimler and form an independent company.{{Cite web|title=Dialog Semiconductor -- SEC Form 20-F|url=https://www.sec.gov/Archives/edgar/data/1116581/000111658103000005/dlg20f02.htm|last=|first=|date=|website=U.S. Securities and Exchange Commission|access-date=2019-09-06}}{{Better source|date=September 2019}}

Dialog began trading as a public company on the Frankfurt Stock Exchange on 18 September 1999.{{Cite web|title=IPOs: Calendar - Yahoo Finance|url=https://finance.yahoo.com/calendar/ipo/|last=|first=|date=|website=Yahoo finance|language=en-US|access-date=2019-07-02}}

In 2005, Jalal Bagherli was appointed as Dialog's CEO.{{Cite web|url=https://www.eetimes.com/author.asp?section_id=36&doc_id=1319469|title=Dialog's CEO Lays Ambitious Plans|last=Clarke|first=Peter|website=EETimes|access-date=2019-07-02}} He had previously been CEO of Alphamosaic, a video processing chip specialist acquired by Broadcom in 2004.{{Cite web|url=https://www.eenewsanalog.com/news/electronics-industry-must-side-china-trade-war-says-dialogs-boss|title=Electronics industry must side with China in trade war, says Dialog's boss|date=2019-06-03|website=eeNews Analog|language=en|access-date=2019-07-02}}

Since 2007, Dialog Semiconductor has been a supplier of power management integrated circuits (PMICs) for the Apple iPhone, iPad, and Watch. Apple comprised 74% of Dialog's sales in 2016.{{ cite web

| title=Apple may ditch Dialog, analyst says, hitting chipmaker's shares

| last1=Auchard

| first1=Eric

| last2=Wolde

| first2=Harro Ten

| website=Reuters

| date=2017-04-12

| url=https://www.reuters.com/article/us-dialog-apple/apple-may-ditch-dialog-analyst-says-hitting-chipmakers-shares-idUSKBN17D0VF

| access-date=2018-08-12 }}{{ cite web

| title=Apple to design power chips in-house as early as 2018: Sources

| last=Ting-Fang

| first=Cheng

| website=Nikkei Asian Review

| date=2017-11-30

| url=https://asia.nikkei.com/Business/Companies/Apple-to-design-power-chips-in-house-as-early-as-2018-Sources

| access-date=2018-08-12 }}{{ cite web

| title=Dialog PMIC Team Now Officially Apple Staff

| last=Dahad

| first=Nitin

| website=Eetimes.com

| date=2019-04-16

| url=https://www.eetimes.com/document.asp?doc_id=1334566

| access-date=2019-05-17 }}

=Acquisitions=

File:Dialog_Semiconductor_SoC.jpg

Dialog has made numerous acquisitions including:

  • 2011 - VoIP and wireless chipmaker SiTel Semiconductor for $86.5 million.{{Cite web | url=https://www.electronicsweekly.com/news/business/finance/dialog-buys-sitel-2011-02/ | title=Dialog buys SiTel | last=Manners| first=David| date=2011-02-10| website=Electronics Weekly| language=en-GB| access-date=2019-06-18}}
  • 2013 - Dialog acquired iWatt Inc, which had filed for an IPO the prior year, for roughly $345 million, paying $310 million in cash and pledging an additional $35 million in contingent considerations.{{Cite web| url=https://xconomy.com/san-francisco/2013/07/18/dialog-semiconductor-acquires-iwatt-for-345000000/| title=Xconomy: Dialog Semiconductor Acquires iWatt for $345,000,000| date=2013-07-18| website=Xconomy| language=en| access-date=2019-06-18}}{{Cite news| url=https://www.wsj.com/articles/DJFVW00020130716e97gnvja4| title=Dialog Semiconductor Acquires IPO Filer IWatt for Up to $345M| date=2013-07-16| work=Wall Street Journal| access-date=2019-06-18 |language=en-US| issn=0099-9660}}
  • 2015 - Dialog made a $4.6 billion offer for Atmel.{{cite web |title=Dialog Semiconductor to buy U.S. peer Atmel for $4.6 billion| url=https://www.reuters.com/article/us-atmel-m-a-dialog-idUSKCN0RK0J420150920| last=| first=| date=20 September 2015| website=Reuters| accessdate=16 June 2019}} This acquisition was cancelled in January 2016 when Atmel instead agreed to be purchased by Microchip for $3.56 billion in cash and stock.{{Cite web| title=Microchip Technology buys chip maker Atmel in $3.56 billion deal| url=http://www.marketwatch.com/story/microchip-technology-buys-chip-maker-atmel-in-356-billion-deal-2016-01-19| last=Assis| first=Claudia| date=| website=MarketWatch| access-date=2016-01-21}} To break the agreement, Atmel paid Dialog a termination fee of $137.3 million.{{Cite news| url=https://www.wsj.com/articles/dialog-semiconductor-declines-to-raise-bid-for-atmel-1452805166| title=Dialog Semiconductor Declines to Raise Bid for Atmel| last=Armental| first=Maria| newspaper=Wall Street Journal| date=14 January 2016| language=en-US |access-date=2019-06-18}}
  • 2017 - Silego Technology, a maker of configurable mixed-signal integrated circuits (CMICs), for $306 million, of which $276 would be paid in cash, with an additional contingent consideration of up to $30.4 million. The deal added consumer electronics companies like Fitbit, Garmin, and GoPro to Dialog's roster of customers.{{Cite news| url=https://www.reuters.com/article/us-silego-m-a-dialog-idUSKBN1CA0QA|title=Dialog Semiconductor to buy Silego to expand into Internet of Things| date=2017-10-05|work=Reuters|access-date=2019-06-26|language=en}}
  • 2018 - Apple announced its intent to purchase part of Dialog's business in a $300 million cash deal.{{Cite web| url=https://www.theverge.com/2018/10/11/17963112/apple-dialog-chipmaker-power-management-acquihire-acquisition|title=Apple buys part of chipmaker Dialog for $300 million|last=Byford|first=Sam|date=2018-10-11| website=The Verge| access-date=2019-06-26}} Included in the deal was the transfer of 300 Dialog employees to Apple, which represented roughly 16% of Dialog's workforce. Apple also committed another $300 million to purchase Dialog products.{{Cite web| url=https://techcrunch.com/2018/10/10/apple-is-paying-300m-in-cash-to-buy-a-part-of-dialog-semiconductor-and-expand-its-chipmaking-in-europe/| title=Apple inks $600M deal to license IP, acquire assets and talent from Dialog to expand chipmaking in Europe| website=TechCrunch | date=11 October 2018| language=en-US | access-date=2019-06-26}} In April 2019, Dialog and Apple completed the workforce and intellectual property transfer aspects of the deal.{{cite web|title=Dialog completes Apple deal with transfer of 300 staff|url=https://www.eenewsanalog.com/news/dialog-completes-apple-deal-transfer-300-staff|last=|first=|date=8 April 2019|website=eeNewsAnalog| accessdate=17 June 2019}}
  • 2019 - Dialog agreed to buy Silicon Motion's FCI mobile communications product line for $45 million. The deal expanded Dialog's range of low-power connected devices by adding FCI's battery-operated Wi-Fi Internet of Things controllers to its existing line of Bluetooth products. The acquisition also added roughly 100 engineers, based in South Korea, to Dialog's workforce.{{Cite web| title=Dialog To Buy Silicon Motion's Mobile Communications Business - Quick Facts {{!}} Markets Insider|url=https://markets.businessinsider.com/news/stocks/dialog-to-buy-silicon-motion-s-mobile-communications-business-quick-facts-1028010928| last=GmbH| first=finanzen net|date=|website=Markets Insider|access-date=2019-06-26}}{{cite web| title=Dialog Semi expands into Internet of Things with Silicon Motion deal|url=https://www.reuters.com/article/us-silicon-mtn-tec-m-a-dialog-idUSKCN1QO0OY|last=|first=|date=7 March 2019|website=Reuters|accessdate=16 June 2019}}
  • 2019 - Dialog agreed to buy Germany’s Creative Chips as part of its push into low-energy connectivity used for devices in the internet of things (IoT). Dialog paid $80 million for the acquisition, with an additional consideration of $23 million based on revenues targets for the next two years.{{Cite news|url=https://www.reuters.com/article/us-creativechips-m-a-dialog-idUSKBN1WM0GN| title=Dialog Semiconductor acquires Germany's Creative Chips|date=2019-10-07|work=Reuters|access-date=2019-10-08| language=en}}{{Cite web|title=Dialog Semiconductor will buy Creative Chips, expanding into industrial IoT| url=https://tech.eu/brief/dialog-semiconductor-will-buy-creative-chips-expanding-into-industrial-iot/| last=| first=| date=7 October 2019| website=Techeu| language=en-US|access-date=2019-10-08}}
  • 2020 - Dialog bought US-based Adesto Technologies, a provider of application-specific semiconductors and embedded systems for the Industrial IoT, for $500 million.{{cite web | url=https://omnisperience.com/2020/02/21/dialog-snaps-up-adesto-for-500-million/ | title=Dialog snaps up Adesto for $500 million | publisher=Omnisperience | date=21 February 2020}}
  • 2021 - In February 2021, Renesas announced that it has agreed to buy Dialog Semiconductor for $5.9 billion.

At that point, Jalal Bagherli held more than 500,000 Dialog shares.{{Cite web|url=https://www.dialog-semiconductor.com/investor-relations#annual-reports--accounts|title = Investor Relations | Dialog| date=7 February 2024 }}

Products

Dialog sold a range of products, such as PMICs targeted at the automotives and wearable industry,{{cite web|access-date=2024-01-31 |date=2021-08-20 |title=Dialog Designs New PMICs to Help Cars Be Smarter, Not Hotter |publisher=allaboutcircuits.com |url=https://www.allaboutcircuits.com/news/dialog-designs-new-pmics-to-help-cars-be-smarter-not-hotter/}}{{cite web|access-date=2024-01-31 |date=2009-02-10 |title=Dialog powers up PMIC flexibility for mobiles |publisher=eetimes.com |url=https://www.eetimes.com/dialog-powers-up-pmic-flexibility-for-mobiles/}} as well as smartphones, with a majority of the revenue in 2018 coming from PMIC sales to Apple.{{cite web|access-date=2024-01-31 |date=2018-10-11 |title=Apple gets critical iPhone technology in $600 million Dialog deal |publisher=reuters.com |url=https://www.reuters.com/article/idUSKCN1ML0NI/}} Dialog also offered Zero Voltage Switching Power Converter Chips and developed DC-DC converter with TDK.{{cite web|access-date=2024-01-31 |date=2020-07-21 |title=Dialog Semiconductor and TDK to Deliver World's Smallest Point of Load DC-DC Converter Solutions |publisher=signalintegrityjournal.com |url=https://www.signalintegrityjournal.com/articles/1820-dialog-semiconductor-and-tdk-to-deliver-worlds-smallest-point-of-load-dc-dc-converter-solutions}}{{cite web|access-date=2024-01-31 |date=2021-07-16 |title=Dialog Semiconductor Shrinks PSU Size with Zero Voltage Switching |publisher=allaboutcircuits.com |url=https://www.allaboutcircuits.com/news/dialog-semiconductor-shrinks-psu-size-with-zero-voltage-switching/}} IO-Links like the CCE4503, primarily meant for use in IoT-Devices, were also offered alongside LED-Driver,{{cite web|access-date=2024-01-31 |date=2020-02-26 |title=Dialog Semiconductor's IO-Link ICs Bring Connectivity to IIoT Sensors and Actuators |publisher=allaboutcircuits.com |url=https://www.allaboutcircuits.com/news/dialog-semiconductors-io-link-ics-bring-connectivity-to-iiot-sensors-and-actuators/}}{{cite web|access-date=2024-01-31 |date=2015-02-05 |title=Dialog improves LED dimmer compatibility |publisher=electronicsweekly.com |url=https://www.electronicsweekly.com/news/products/led/doalog-improves-led-dimmer-compatibility-2015-02/}} USB power delivery controller{{cite web|access-date=2024-01-31 |date=2018-01-02 |title=USB Power Delivery: A New USB Power Delivery 3.0 Controller from Dialog Semiconductor |publisher=allaboutcircuits.com |url=https://www.allaboutcircuits.com/news/power-delivery-a-new-usb-power-delivery-3.0-controller/}} as well as Audio CODECs.{{cite web|access-date=2024-01-31 |date=2019-05-28 |title=Dialog Semiconductor Offers Audio Codecs That Negate Loud Noises |publisher=electronicdesign.com |url=https://www.electronicdesign.com/technologies/analog/article/21808054/dialog-semiconductor-offers-audio-codecs-that-negate-loud-noises}} In 2020 Dialog licensed its CBRAM to GlobalFoundries.{{cite web|access-date=2024-01-31 |date=2020-10-19 |title=Dialog Semi, GLOBALFOUNDRIES Reach Agreement to License CBRAM Technology |publisher=embeddedcomputing.com |url=https://embeddedcomputing.com/technology/storage/dialog-semi-globalfoundries-reach-agreement-to-license-cbram-technology}}{{cite web|access-date=2024-01-31 |date=2020-10-20 |title=Dialog licenses non-volatile ReRAM technology to Globalfoundries for 22FDX platform |publisher=digitimes.com |url=https://www.digitimes.com/news/a20201019PR201.html}}

References

{{Reflist}}

Category:Electronics companies established in 1985

Category:British companies established in 1985

Category:Equipment semiconductor companies

Category:Semiconductor companies of the United Kingdom

Category:British brands

Category:2021 mergers and acquisitions

Category:Companies based in Reading, Berkshire

Category:British subsidiaries of foreign companies

Category:Companies formerly listed on the Frankfurt Stock Exchange