Apple to buy part of chip maker Dialog in $600m deal
Apple is buying patents, about 300 engineers, and Dialog offices in Britain, Italy and Germany
Berlin/San Francisco — Apple has agreed to buy a portion of chip supplier Dialog Semiconductor’s business in a $600m deal, the two companies said on Thursday, expanding the iPhone maker’s chip operations in Europe. Since the first iPhones a decade ago, Apple has used Dialog power management chips to help its devices manage battery life. Under the deal, Apple is buying patents, a team of about 300 engineers (most of which already worked on chips for Apple devices), and Dialog offices in Britain, Italy and Germany. Dialog said its 2018 revenue would not be affected and it would continue shipments of products in production to Apple. For now, the deal settles questions about future relations between Apple and Dialog, whose shares tumbled this year when it said Apple planned to use chips from another supplier, which was widely believed to be Apple itself. Half of the deal’s value, or about $300m, is cash for the Dialog engineers and offices and the other $300m is pre-payment to Dialog fo...
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