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About a year ago there appeared information that Apple is developing its own power controller. Soon the CEO of the British company Dialog Semiconductor, which Apple buys these products, admitted that Apple expects to replace their own development, then the shares of Dialog Semiconductor has fallen sharply. In late may of this year, the European manufacturer said that Apple has reduced orders by 30%, then the shares of Dialog Semiconductor again fell.
Today the company Dialog Semiconductor has announced the agreement with Apple.
In accordance with the agreement, Dialog Semiconductor will receive $ 600 million for a license to certain technologies used in the power controller, and for the transfer of certain assets. Half of this amount is advance payment for the products that Apple will purchase over the next three years.
in addition, Apple will hire more than 300 engineers Dialog Semiconductor. The press release notes that it professionals work closely with Apple for many years, and their move to the Apple "will help to deepen cooperation between the two companies." Note that we are talking about approximately 16% of the state Dialog Semiconductor. Assets that will get Apple located in Italy, United Kingdom and Germany.
the transaction is Expected to be completed in the first half of 2019. Of course, it first needs to approve the regulatory authorities of countries whose interests it affects.
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