ATML Atmel Corp.

By Eyk Henning

FRANKFURT--Chipmaker Dialog Semiconductor PLC (DLG.XE) is eyeing new acquisition targets after its attempt to buy U.S. peer Atmel Corp. (ATML) for $4.6 billion failed last year, its chief executive told German weekly Euro am Sonntag.

"There are candidates" that would spur Dialog's growth, Jalal Bagherli said in an interview released Saturday. He said he doesn't see Dialog itself as a takeover target despite the recent decline of the share price.

Dialog, which was spun off from German luxury car maker Daimler-Benz AG (DAI.XE) in 1999, sells chips used to manage power in high-end smartphones, including those made by Apple Inc. (AAPL).

Its efforts to buy Atmel were thwarted by a rival bid from Microchip Technology Inc. (MCHP).

Website: www.finanzen.net/eurams

-Write to Eyk Henning at eyk.henning@wsj.com

(END) Dow Jones Newswires

January 30, 2016 05:31 ET (10:31 GMT)

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