Dialog Semi expands into Internet of Things with Silicon Motion deal
Chip designer Dialog Semiconductor said it would acquire Silicon Motion's mobile communications business for $45 million in cash, expanding its presence in the market for low-power connected devices. Dialog, which already has a strong Bluetooth franchise, said it would buy Silicon Motion's FCI product line which includes ultra-low-power, battery-operated Wi-Fi products used in the so-called Internet of Things (IoT).