Dialog Completes Transaction With Apple; 300 Employees Become Apple Staffers
Dialog Semiconductor completed its transaction with Apple, signed in October (see 1810110041), to license power management technologies and transfer assets to the iPhone maker, it said Monday. More than 300 Dialog professionals will become Apple employees, and Dialog will receive…
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$600 million in total: $300 million cash covering the transaction and $300 million for Dialog products to be delivered over three years. Dialog won new contracts from Apple for the development and supply of other mixed-signal integrated circuits, it said, accelerating the semiconductor company's transformation to a provider of differentiated custom and configurable mixed-signal integrated circuits across a broader customer base, it said. Dialog is moving to “the next phase of growth with a strategic focus on fast-growing segments" of the IoT, mobile, automotive and computing and storage markets, said CEO Jalal Bagherli, saying the agreement reaffirms Dialog’s “long-standing relationship" with Apple.