Dialog Semiconductor Explained
Dialog Semiconductor Plc |
Type: | Subsidiary |
Location: | Reading, United Kingdom (operational), London, United Kingdom (registered office) |
Key People: | Rich Beyer (Chairman),[1] Jalal Bagherli (CEO),[2] Wissam Jabre (CFO), Mark Tyndall (SVP Corporate Development) |
Industry: | Electrical engineering |
Products: | Semiconductors, integrated circuits |
Revenue: | US$1,376 million (2020)[3] |
Operating Income: | US$120.9 million (2020) |
Net Income: | US$84.49 million (2020) |
Assets: | US$2,121 million (2020) |
Equity: | US$1,654 million (2020) |
Num Employees: | 2,286 (2020) |
Parent: | Renesas Electronics |
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.[4] Since 2021, the company is a subsidiary of Renesas Electronics.[5]
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.[6]
Dialog began trading as a public company on the Frankfurt Stock Exchange on 18 September 1999.[7]
In 2005, Jalal Bagherli was appointed as Dialog's CEO.[8] He had previously been CEO of Alphamosaic, a video processing chip specialist acquired by Broadcom in 2004.[9]
Since 2007, Dialog Semiconductor has been the exclusive supplier of power management integrated circuits (PMICs) for the Apple iPhone, iPad, and Watch. Apple comprised 74% of Dialog's sales in 2016.[10] [11] [12]
Acquisitions
Dialog has made numerous acquisitions including:
- 2011 - VoIP and wireless chipmaker SiTel Semiconductor for $86.5 million.[13]
- 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.[14] [15]
- 2015 - Dialog made a $4.6 billion offer for Atmel.[16] This acquisition was cancelled in January 2016 when Atmel instead agreed to be purchased by Microchip for $3.56 billion in cash and stock.[17] To break the agreement, Atmel paid Dialog a termination fee of $137.3 million.[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.[19]
- 2018 - Apple announced its intent to purchase part of Dialog's business in a $300 million cash deal.[20] 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.[21] In April 2019, Dialog and Apple completed the workforce and intellectual property transfer aspects of the deal.[22]
- 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.[23] [24]
- 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.[25] [26]
- 2020 - Dialog bought US-based Adesto Technologies, a provider of application-specific semiconductors and embedded systems for the Industrial IoT, for $500 million.[27]
- 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.[28]
Products
Dialog sold a range of products, such as PMICs targeted at the automotives and wearable industry,[29] [30] as well as smartphones, with a majority of the revenue in 2018 coming from PMIC sales to Apple.[31] Dialog also offered Zero Voltage Switching Power Converter Chips and developed DC-DC converter with TDK.[32] [33] IO-Links like the CCE4503, primarily meant for use in IoT-Devices, were also offered alongside LED-Driver,[34] [35] USB power delivery controller[36] as well as Audio CODECs.[37] In 2020 Dialog licensed its CBRAM to GlobalFoundries.[38] [39]
Notes and References
- Web site: Board of Directors . Dialog Semiconductor . 24 November 2015.
- Web site: Management Team . Dialog Semiconductor . 24 November 2015 . 8 December 2015 . https://web.archive.org/web/20151208175258/http://www.dialog-semiconductor.com/company/management-team . dead .
- Web site: Dialog Semiconductor 2020 Annual Report . Dialog Semiconductor . 14 February 2024.
- Web site: Test and Physical Laboratories. sysadmin. 2015-03-23. Dialog Semiconductor. en. 2019-07-02.
- Web site: Flaherty . Nick . 2021-08-31 . Renesas completes €4.8bn acquisition of Dialog Semiconductor with management change . 2024-04-17 . eeNews Europe . en-US.
- Web site: Dialog Semiconductor -- SEC Form 20-F. U.S. Securities and Exchange Commission. 2019-09-06.
- Web site: IPOs: Calendar - Yahoo Finance. Yahoo finance. en-US. 2019-07-02.
- Web site: Dialog's CEO Lays Ambitious Plans. Clarke. Peter. EETimes. 2019-07-02.
- Web site: Electronics industry must side with China in trade war, says Dialog's boss. 2019-06-03. eeNews Analog. en. 2019-07-02.
- Web site: Apple may ditch Dialog, analyst says, hitting chipmaker's shares. Auchard. Eric. Wolde. Harro Ten. Reuters. 2017-04-12. 2018-08-12 .
- Web site: Apple to design power chips in-house as early as 2018: Sources. Ting-Fang. Cheng. Nikkei Asian Review. 2017-11-30. 2018-08-12 .
- Web site: Dialog PMIC Team Now Officially Apple Staff. Dahad. Nitin. Eetimes.com. 2019-04-16. 2019-05-17 .
- Web site: Dialog buys SiTel . Manners. David. 2011-02-10. Electronics Weekly. en-GB. 2019-06-18.
- Web site: Xconomy: Dialog Semiconductor Acquires iWatt for $345,000,000. 2013-07-18. Xconomy. en. 2019-06-18.
- News: Dialog Semiconductor Acquires IPO Filer IWatt for Up to $345M. 2013-07-16. Wall Street Journal. 2019-06-18 . en-US. 0099-9660.
- Web site: Dialog Semiconductor to buy U.S. peer Atmel for $4.6 billion. 20 September 2015. Reuters. 16 June 2019.
- Web site: Microchip Technology buys chip maker Atmel in $3.56 billion deal. Assis. Claudia. MarketWatch. 2016-01-21.
- News: Dialog Semiconductor Declines to Raise Bid for Atmel. Armental. Maria. Wall Street Journal. 14 January 2016. en-US . 2019-06-18.
- News: Dialog Semiconductor to buy Silego to expand into Internet of Things. 2017-10-05. Reuters. 2019-06-26. en.
- Web site: Apple buys part of chipmaker Dialog for $300 million. Byford. Sam. 2018-10-11. The Verge. 2019-06-26.
- Web site: Apple inks $600M deal to license IP, acquire assets and talent from Dialog to expand chipmaking in Europe. . 11 October 2018. en-US . 2019-06-26.
- Web site: Dialog completes Apple deal with transfer of 300 staff. 8 April 2019. eeNewsAnalog. 17 June 2019.
- Web site: Dialog To Buy Silicon Motion's Mobile Communications Business - Quick Facts Markets Insider. GmbH. finanzen net. Markets Insider. 2019-06-26.
- Web site: Dialog Semi expands into Internet of Things with Silicon Motion deal. 7 March 2019. Reuters. 16 June 2019.
- News: Dialog Semiconductor acquires Germany's Creative Chips. 2019-10-07. Reuters. 2019-10-08. en.
- Web site: Dialog Semiconductor will buy Creative Chips, expanding into industrial IoT. 7 October 2019. Techeu. en-US. 2019-10-08.
- Web site: Dialog snaps up Adesto for $500 million . Omnisperience . 21 February 2020.
- Web site: Investor Relations | Dialog. 7 February 2024 .
- Web site: 2024-01-31 . 2021-08-20 . Dialog Designs New PMICs to Help Cars Be Smarter, Not Hotter . allaboutcircuits.com .
- Web site: 2024-01-31 . 2009-02-10 . Dialog powers up PMIC flexibility for mobiles . eetimes.com .
- Web site: 2024-01-31 . 2018-10-11 . Apple gets critical iPhone technology in $600 million Dialog deal . reuters.com .
- Web site: 2024-01-31 . 2020-07-21 . Dialog Semiconductor and TDK to Deliver World's Smallest Point of Load DC-DC Converter Solutions . signalintegrityjournal.com .
- Web site: 2024-01-31 . 2021-07-16 . Dialog Semiconductor Shrinks PSU Size with Zero Voltage Switching . allaboutcircuits.com .
- Web site: 2024-01-31 . 2020-02-26 . Dialog Semiconductor's IO-Link ICs Bring Connectivity to IIoT Sensors and Actuators . allaboutcircuits.com .
- Web site: 2024-01-31 . 2015-02-05 . Dialog improves LED dimmer compatibility . electronicsweekly.com .
- Web site: 2024-01-31 . 2018-01-02 . USB Power Delivery: A New USB Power Delivery 3.0 Controller from Dialog Semiconductor . allaboutcircuits.com .
- Web site: 2024-01-31 . 2019-05-28 . Dialog Semiconductor Offers Audio Codecs That Negate Loud Noises . electronicdesign.com .
- Web site: 2024-01-31 . 2020-10-19 . Dialog Semi, GLOBALFOUNDRIES Reach Agreement to License CBRAM Technology . embeddedcomputing.com .
- Web site: 2024-01-31 . 2020-10-20 . Dialog licenses non-volatile ReRAM technology to Globalfoundries for 22FDX platform . digitimes.com .