Dialog buys iWatt

iWatt chipiWatt, the innovative Californian power management IC company, has been bought by Dialog Semiconductor for $310m.

Dialog says that the acquisition increases its TAM (total available market) 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.

Tags: conversion, gross margin, management business, power management ic

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