Dialog Semiconductor further announced that the purchase of Creative Chips will give the company further access to the rapidly growing market of the Industrial Internet of Things (IIoT). Together, the two companies are well positioned to take advantage of the current gaps in the IIoT market.
The IIot is one of Dialog's strategic target markets and, in view of the growing demand in the IIot market, offers considerable growth potential in the future. Through the takeover, Dialog hopes to gain the new industrial customer base that Creative Labs has built up over the past 20 years. Customers include companies such as Beckhoff, Siemens, Braun and Otis.
Creative Chips is expected to generate sales of 20 million dollars in fiscal year 2019 and expects sales growth of over 25 percent per year over the next few years.