More than 300 Dialog professionals will become Apple employees, joining as part of the conglomerate's Hardware Technologies team.
Signed in October 2018, Dialog will receive $600 million 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."
