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On August 31, 2021, Dialog Semiconductor announced the suspension of its shares trading on the Frankfurt Stock Exchange. This follows the effective approval of a recommended cash acquisition by Renesas Electronics, initially agreed upon on February 8, 2021, and detailed in the Scheme Document published on March 8, 2021. The trading suspension is expected to lead to the eventual termination of Dialog's shares listing on the exchange. For full details, stakeholders are directed to the Scheme Document.
Renesas Electronics Corporation has successfully completed its acquisition of Dialog Semiconductor Plc as of August 30, 2021, following the court's approval of their scheme of arrangement. The acquisition allows Renesas to integrate Dialog as a wholly-owned subsidiary. The payment to shareholders will be processed by September 13, 2021. Subsequently, key directors from Dialog have resigned, and new appointments have been made from both companies' existing teams. The deal marks a significant consolidation in the semiconductor sector, enhancing Renesas's capabilities.
Dialog Semiconductor announces that the Court has sanctioned the scheme of arrangement for the recommended cash acquisition by Renesas Electronics Corporation. The acquisition involves the complete share capital of Dialog and will become effective after 6:30 p.m. (London time) on August 30, 2021. Trading of Dialog shares on the Frankfurt Stock Exchange will be suspended on August 31, 2021, leading to the cancellation of its listing. Cash consideration will be settled for shareholders by September 13, 2021. Further updates will be provided once the scheme is effective.
Dialog Semiconductor has expanded its partnership with Xilinx to provide power management for the new Kria adaptive system-on-modules (SOMs), aimed at vision AI applications in smart cities and factories. The Kria K26 SOM operates efficiently at 10W, while Dialog's PMICs can deliver up to 21.5 amps of current. This collaboration aims to accelerate the deployment of vision AI solutions. The integration of GreenPAK devices enhances system power efficiency through customizable power sequencing. The announcement highlights Dialog's focus on innovation in battery management and power efficiency.
Dialog Semiconductor has partnered with Carnival Corporation to integrate its WiRa technology into the OceanMedallion wearable devices, enhancing passenger safety and cruise services. This innovation allows for proximity-based locationing while addressing COVID-19 safety measures through improved accuracy. Dialog's solutions, including the DA1469x Bluetooth LE SoC, extend battery life and reduce costs, with the wearable device facilitating seamless guest interactions. The partnership aims to enhance customer service and operational efficiency, leveraging advanced technology for an enhanced cruise experience.
Dialog Semiconductor has introduced the DA914X-A product family, designed for high-performance automotive applications, delivering current levels up to 40 amps. These step down DC-DC converters integrate power FETs, enhancing efficiency and reducing board space.
Key features include multi-phase operation for better performance, lower costs, and flexibility in design. The DA914X-A series includes two devices: the DA9141-A and DA9142-A, catering to various low power systems with an input voltage range of 2.8 V to 5.5 V.
Dialog Semiconductor announces that the Taiwan Fair Trade Commission has waived its jurisdiction for the cash acquisition by Renesas Electronics. This approval follows previous anti-trust clearances, allowing the acquisition to proceed without further regulatory hurdles. The acquisition will be executed via a scheme of arrangement under UK law and is expected to become effective after 6:30 PM on August 30, 2021. Key dates include the Court Sanction Hearing on August 27 and the last day for Dialog shares trading on the Frankfurt Stock Exchange on August 30.
The boards of Dialog and Renesas have confirmed progress in the cash acquisition of Dialog by Renesas, with the Taiwan Fair Trade Commission waiving its review. Key anti-trust clearances from Germany, China, and the U.S. have been obtained. The next critical step is the Court Sanction Hearing scheduled for 27 August 2021, with the acquisition expected to become effective on 30 August 2021. Trading in Dialog shares will be suspended on the Frankfurt Stock Exchange (FSE) prior to trading hours on 31 August 2021. Additional details are outlined in the Scheme Document.
Dialog Semiconductor reported Q2 2021 results with revenue of US$317.8 million, a 5% increase year-on-year, driven in part by 33% growth in revenue excluding legacy licensed PMICs. Gross margin improved to 51.0%, and underlying operating profit rose slightly to US$62.9 million. However, diluted EPS fell by 33% to US$0.30, impacted by increased operating expenses related to acquisitions and a decrease in net income to US$21.8 million. The company continues to navigate supply chain challenges and aims to complete its acquisition by Renesas.
Dialog Semiconductor has achieved a significant milestone with its DA16200 SoC, scoring 815 on the EEMBC IoTMark(TM)-Wi-Fi benchmark. This score signifies about 815 days of battery life for an IoT sensor powered by two AA batteries, showcasing Dialog's leadership in the ultra-low-power Wi-Fi market. The DA16200 leverages VirtualZero(TM) technology, addressing the need for long battery life in battery-operated IoT devices.
