Dialog has been part of the Apple supply chain for some time, but has faced financial uncertainty amidst rumors Apple is developing its own power management chips. In an interesting turn of events this morning, Apple and Dialog announced a new business agreement where Apple will license power management technology from Dialog, in exchange for an upfront $300 million payment and another $300 million in purchase agreements over the next three years.
In addition to transferring technical assets, the company announced Apple is hiring the ~300 staff who currently work at Dialog on Apple-related projects. This deal dramatically helps ramp up Apple’s custom chip efforts in areas like power management and charging.
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