Hello!

Here’s what happened today in European Tech.

Deals

– Japanese company Renesas has agreed to buy the Anglo-German chipmaker Dialog Semiconductor for €4.9 billion euros in cash, boosting its position in low-power technology and connectivity across smart devices, cars and industry.

– Nexthink, a Swiss enterprise software firm founded 17 years ago, has reached unicorn status in a fresh funding round as the coronavirus pandemic significantly increased demand for its products. The company, which specialises in digital employee experience (or ‘DEX’) management software, has secured $180 million in a Series D financing round at an enterprise valuation of $1.1 billion.