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© Pixabay Business | April 08, 2019

Dialog Semiconductor, Apple finalize partnership and licensing deal

Dialog Semiconductor has completed its previously announced transaction with Apple to license certain power management technologies and transfer certain assets to Apple. Terms of the deal call for a USD 300 million cash payment, plus a pre-payment of USD 300 million for Dialog products to be delivered over the next three years.

Also part of the deal is the conversion of 300 Dialog employees to the Apple workforce as part of Apple’s Hardware Technologies team. Additionally, Dialog has received a range of new contracts from Apple for the development and supply of other mixed-signal integrated circuits, a press release issued by Dialog stated. Dialog CEO Jalal Bagherli said, “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. This agreement reaffirms our long-standing relationship with Apple and gives me great confidence in the future of our business.” Apple Senior VP of Hardware Technologies Johny Srouji said, “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. 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.” Headquartered in London, Dialog Semiconductor employs approximately 1,850 people worldwide.
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September 16 2019 5:51 pm V14.3.11-2