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Chipmaker Dialog strikes 600-million-dollar deal with Apple

Europe
11.10.2018
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Berlin (dpa) - Anglo-German chipmaker Dialog Semiconductor has struck a 600-million-dollar deal to hand over assets and employees to Apple.

As part of the deal, Apple will pay 300 million dollars up front to license power management technologies, buy assets including lab equipment and patents, as well as taking over some 300 engineers.

The US technology giant will pay another 300 million dollars for chips from Dialog and products that will be developed over the next three years, the company said.

The engineers that will become Apple employees constitute 16 per cent of the chipmaker‘s total workforce. They had previously worked mainly on Apple products.

Dialog provides Apple‘s power management chips. Talks over a partial takeover began after concerns last year that Apple would begin to develop its own chips as it looks to cut its reliance on suppliers.

 

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