Apple will buy part of the supplier's Dialog business in a $ 600 million deal

Apple will buy part of the supplier's Dialog business in a $ 600 million deal https://www.eresviral.com/wp-content/uploads/2018/10/Apple-comprará-parte-del-negocio-de-Dialog-del-proveedor-en-un-acuerdo-de-600-millones

Apple will buy part of the supplier's Dialog business in a $ 600 million deal







BERLIN / SAN FRANCISCO (Reuters) - Apple Inc. has agreed to buy a part of the business of chip provider Dialog Semiconductor Plc in a $ 600 million deal, the companies said on Thursday, expanding the chip operations of the iPhone maker in Europe. 











A customer is under an illuminated Apple logo while looking out the window of the Apple store located in downtown Sydney, Australia, on May 28, 2018. REUTERS / David Gray





Since the first iPhones a decade ago, Apple has used Dialog power management chips to help their devices manage battery life. Under the agreement, Apple is buying patents, a team of some 300 engineers, most of whom already worked on chips for Apple devices, and Dialogue offices in Britain, Italy and Germany. 

Dialog said its 2018 revenue would not be affected and that it would continue to ship production products to Apple. 

For now, the deal resolves doubts about future relationships between Apple and Dialog, whose stock plummeted this year when it said Apple planned to use chips from another vendor, which was believed to be Apple itself. 

Half the value of the deal, or about $ 300 million, is effective for Dialog engineers and offices and the other $ 300 million is prepaid to Dialog for the supply of chips in the next three years, the companies said. 









The Semiconductor logo of Dialog is displayed in the building of a company in Germering, near Munich, Germany, August 15, 2016. REUTERS / Michaela Rehle



Dialog said in a statement that it would continue to deliver chips to other customers, focusing on the automotive and internet markets of things, among others. 

"This transaction reaffirms our long-standing relationship with Apple, and demonstrates the value of the business and solid technologies we have built at Dialog," Dialog CEO Jalal Bagherli said in the statement. 

The agreement represents an expansion of Apple's chip design operations, which was launched in 2010 when the company launched its first custom processor for iPad and iPhone. 

Apple is buying about 16 percent of Dialog's workforce. Apple said the acquired employees would remain in Europe and report to Johny Srouji, the company's senior vice president of hardware technologies that oversees Apple's chip design efforts.  

Apple already has a chip design center in Munich, Germany and St. Albans, Great Britain. The agreement will allow Apple to acquire four more from Dialog, in Livorno in Italy, Swindon in Britain, and Nabern and Neuaubing in Germany. 

Dialog said that Qatalyst Partners acted as financial advisor and Linklaters acted as legal advisor. 





Report by Caroline Copley in Berlin and Stephen Nellis in San Francisco; Edited by Riham Alkousaa and Edmund Blair





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