JAPANESE COMPANY TO PAY 4.9 BILLION EUROS FOR READING SEMICONDUCTOR BUSINESS

Dialog Semiconductor, the Reading based microchip manufacturer and a major supplier to Apple, is to be bought by the Japanese company Renesas Eletectronics Corporation.

Renesas is expected to pay 4.9 billion Euros for the company which is listed on the Frankfurt Stock Exchange.

Dialog makes mixed-signal integrated circuits for the consumer electronics and high-growth segments of the automotive and industrial end-markets.

The company employs more than 2,000 people, with 77 per cent working in engineering functions across 15 countries.

According to reports Dialog employs about 250 people in Reading, Swindon and Edinburgh. In 2019, it reported revenues of $1,420 million.

Dr Jalal Bagherli, CEO at Dialog, said: “The combined company will be in an even stronger position to provide innovative products for our markets.”