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Dialog makes a third IoT acquisition to fill the gap left by Apple

A long line of companies have lost revenues and killed product lines over the years, when Apple decided to go inhouse for components such as the graphics processor and central processor. Those decisions saw Imagination Technologies broken up and sold, and even Samsung losing an apps processor customer. In the case of Dialog, Apple bought the firm’s battery management assets and expertise in a $600m deal last year, pushing the company to redouble its efforts to grow its Industrial IoT business. In pursuit of this goal, Dialog has acquired Creative Chips for $80, just four times its expected revenue for 2019, which indicates how the air has gone out of the IoT valuations balloon recently. This deal is part of…

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