Deals
Apple Signs $600 Million Deal With Dialog for Assets, Staff
- Over 300 Dialog staff will move to Apple to support the deal
- Dialog has also won a number of new contracts from Apple
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Apple Inc has signed a deal with Dialog Semiconductor Plc to license the U.K. chip designer’s power management technology and acquire certain assets, including more than 300 staff.
Apple will pay Dialog an initial $300 million plus an additional $300 million for product delivery over the next few years. The British firm also won a number of new contracts from the iPhone maker, including the supply of power management, audio subsystem, charging and mixed-signal integrated circuits, according to a statement Thursday.