Dialog hopes to unlock future growth in the Automotive market by qualifying Adesto’s specialty memory products and leveraging its established Automotive production and test flow. What’s more, with this acquisition, the company will be able to scale up its engineering and design capabilities for custom ICs.
The transaction is subject to certain regulatory approvals and customary closing conditions and is expected to close in the third quarter of 2020. The Board of Directors of Adesto has unanimously approved the transaction and recommends that Adesto stockholders vote in favour of the transaction, and directors and executive officers of Adesto have agreed to vote their shares in favour of the transaction.
Dialog - www.dialog-semiconductor.com
Adesto - www.adestotech.com