Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
iWatt Sold To Dialog
iWatt, the innovative Californian power management IC company, has been bought by Dialog for $310m.
Dialog says that the acquisition increases its TAM by up to $6 billion by 2015 by getting the company into the digital power management business.
iWatt had FY2012 revenue of $74 million (growth of 46% over FY2011) and FY2012 gross margin of 49%.
iWatt has 180 employees. Its PrimAccurate technology sells into AC/DC conversion and LED applications.
A further $35 million may be payable for contingent liabilities.Tags: acquisition, contingent liabilities, conversion, management business, power management ic