Dubbed SmartBond, the new chip features a 32bit ARM Cortex M0 processor, a 225mAh coin cell battery and on chip one time programmable memory.
According to Dialog, it is the first Bluetooth Smart solution to break the 4mA current barrier for wireless transmission and reception.
Speaking to New Electronics, Matthew Phillips, business development director at Dialog, said: "SmartBond is a truly revolutionary device that can more than double the battery life of app enabled smartphone and tablet accessories, as well as computer and smart tv peripherals.
"Compared to competing devices, SmartBond's unique low power architecture draws just 3.8mA at transmission and reception – 50% less than other Bluetooth Smart solutions on the market. It's also absolutely tiny at just 2.5 x 2.5 x 0.5mm."
According to Phillips, the DA14580 works at much lower voltages than was previously possible (down to 0.9V), enabling the use of just one alkaline or NiMH cell AA battery instead of two.
"This opens up exciting new possibilities for designers to create ultra compact and novel form factor products while reducing total system cost," he concluded.