Dialog Semiconductor is acquiring Silego for up to $306 million in IoT push

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Oct. 09, 2017 – Germany's Dialog Semiconductor is to acquire California-based Silego Technology for up to $306 million, helping to strengthen its position in the market for the so-called Internet of Things.

Dialog's business is largely focused on power management chips used in mobile phones by companies like Apple. Seeking to reduce that dependence, it wants to diversify into automotive and industrial areas and the Internet of Things - which connects everyday items such as refrigerators, TVs and cars, via the internet.

Silego is a leading maker of configurable mixed-signal integrated circuits, or CMICs, which integrate multiple functions into a single chip that can be customized to perform different functions.

Dialog, announcing the deal on Thursday, said it would pay $276 million in cash plus an additional contingent consideration of up to $30.4 million for privately owned Silego, which has 235 employees and expected sales this year of $80 million.

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