Dialog and ShunSin Technology to Establish Sensor Joint Venture with Dyna Image Taiwan
Dialog Semiconductor plc, a provider of highly integrated power management, AC/DC power conversion, solid state lighting (SSL) and Bluetooth Smart wireless technology, has announced that it is to purchase a 40 percent stake in Dyna Image, a wholly owned subsidiary of Lite-On Semiconductor (TSE:5305), a member of Lite-On Group, in a deal that will close in June 2015. ShunSin Technology Holdings Limited, a Foxconn subsidiary, plan to also take an equity position in Dyna Image. Dialog's CEO, Jalal Bagherli, and the company's Senior Vice President of Corporate Development, Mark Tyndall, will join the five-member board of Dyna Image.
Based in New Taipei City, Taiwan, Dyna Image was established as a subsidiary of Lite-On Semiconductor in 2011. It specialises in the design and manufacture of optical, inertia and environmental sensors for consumer electronics applications and is already shipping optical sensors in volume to the China market. Sean Li from Lite-On Semiconductor will lead the joint venture spinout as its CEO.
Dialog Semiconductor will work closely with Dyna Image on the development of sensors and sensor solutions for smartphones and IoT applications, including those for wearable devices. These technologies will initially include sensors for ambient light and proximity as well as colour and gesture analysis. Dialog will build on its market-leading position in power management, Bluetooth Smart technologies for consumer electronics, and solid-state lighting for smart and connected home by providing customers with more system-level solutions. The company will also enhance the competitiveness of its offering by continuing to leverage both Lite-On's manufacturing capabilities in Taiwan and the strategic relationship with SST for advanced packaging that results from the businesses' mutual investment in Dyna Image.
Commenting on the agreement, Dialog's CEO, Jalal Bagherli, said, "This investment represents Dialog's first foray into the sensor market. We'll become closely involved with technologies that complement our power management, audio and Bluetooth expertise in smartphone, IoT and smart lighting applications. It's another important step in our strategy to gain market share in the fast growing Greater China smartphone and IoT markets through innovative local business partnerships. We'll continue to bring our customers best-in-class technology and help them integrate it quickly and reliably into their designs to improve performance, cut costs and reduce time-to-market."
Dyna Image CEO, Sean Li added, "I'm pleased to welcome the competencies and expertise that Dialog will bring to our company. Dialog's outstanding reputation for innovation in mixed-signal technology, together with SST's advanced packaging solutions, will enhance our position in the high growth consumer markets that we serve, particularly among the leading smartphone and emerging IoT manufacturers."
