FRANKFURT (Reuters) - Chip designer Dialog Semiconductor is still in the market for takeovers, and any deal it does is likely to be bigger than a recent transaction it did with Silicon Motion, CEO Jalal Bagherli said.
Bagherli told analysts that the M&A market was "tighter", making him inclined to look at startups or carve-outs to round out Dialog's business after a landmark deal last year to transfer people and patents to Apple.
Dialog said in March it would acquire Silicon Motion's mobile communications business for $45 million (£36.9 million), expanding into the market for low-power connected devices.
(Reporting by Douglas Busvine, editing by Riham Alkousaa)
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| 183 USD | -0.69% | -0.18% | 2,807B | ||
| 76.21 USD | -0.90% | +3.05% | 2.55B | ||
DIALOG SEMICONDUCTOR 