Closing of technology licensing deal with Apple announced
Dialog Semiconductor has announced the completion of its previously announced transaction with Apple to license certain power management technologies and transfer certain assets to Apple. Additionally, more than 300 Dialog professionals will become Apple employees, adding their talents to Apple's Hardware Technologies team.
Signed in October 2018, Dialog will receive $600m in total, consisting of a payment from Apple of $300m in cash for the transaction and prepayment of $300m for Dialog products to be delivered over the next three years.
Dialog has also been awarded a broad range of new contracts from Apple for the development and supply of other mixed-signal integrated circuits.
“This transaction accelerates Dialog’s transformation to a market-leading provider of differentiated custom and configurable mixed-signal integrated circuits (ICs) across a broader customer base. We are moving forward to the next phase of growth with a strategic focus on fast-growing segments of the IoT, Mobile, Automotive and Computing & Storage markets,” said Jalal Bagherli, CEO of Dialog Semiconductor.
“This agreement reaffirms our long-standing relationship with Apple and gives me great confidence in the future of our business.”
“Apple is excited to welcome more than 300 talented engineers and other employees from Dialog who have extensive chip development expertise and deep knowledge of our products,” said Johny Srouji, Apple’s Senior Vice President of Hardware Technologies.
“We look forward to continuing our relationship with Dialog and expanding our team focused on designing breakthrough technologies that enable the world’s best user experiences.”
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