Dialog Semiconductor has acquired Adesto for $500 million in a deal announced last week. This is the UK-based semiconductor manufacturer’s second Internet of Things (IoT) focused acquisition within four months. The deal signals the next stage in the company’s diversification away from its biggest customer, Apple, and into the smart building and smart cities space. In October 2019, Dialog announced the $80 million acquisition of German IIoT integrated circuit supplier, Creative Chips, additional consideration of $23 million may be paid based on revenues targets for the next two years. Both companies operate well-established fabless semiconductor business models with a focus on mixed-signal products and technology. However, the purchase immediately increased Dialog’s sales in the area of wireless low power connectivity, configurable mixed-signal, and power management integrated circuits. An area further enhanced by last week’s Adesto deal. “The strategic value [of the Adesto deal] is more in the industrial internet of things – smart buildings, smart […]