iWatt bought by Dialog Semiconductor

July 02, 2013 // By Paul Buckley
Dialog Semiconductor Plc has entered into an agreement to acquire iWatt Inc., a provider of digital power management ICs.

Headquartered in Silicon Valley, California, with approximately 180 employees worldwide, iWatt is a provider of digital power management integrated circuits. iWatt has a strong design and application engineering presence in Asia. iWatt's PrimAccurate technology platform enables high performance, energy-efficient, small form-factor and cost-effective solutions for markets such as AC/DC power conversion and LED Solid State Lighting (SSL).

The acquisition of iWatt provides Dialog with an entry into the AC/DC power conversion and LED solid state lighting (SSL) market sectors.

Dialog's CEO Jalal Bagherli commented: "This acquisition underscores Dialog's strategy to diversify our markets and growth opportunities through select strategic acquisitions. We see the acquisition as highly complementary to our existing PMIC business enabling Dialog to address adjacent emerging power management segments, including cutting-edge AC/DC solutions for next generation fast portable chargers as well as ICs for LED solid state lighting."

"iWatt has been shipping products to numerous top-tier customers and is expected to increase our future business opportunities with market leading customers such as Samsung, HTC and Nokia in the portable segment, and GE, Osram and Philips in the fast growing solid state lighting market."

Dialog Semiconductor; www.dialog-semiconductor.com