China raises stake in Dialog, share price jumps
This is a continuation of the Chinese state’s attempt to use its economic power to buy its way into significance in the global electronics market. Dialog’s share price Dialog’s share price has dropped by nearly half over the last year – from nearly €50 to under €25 on rumors that Apple might be preparing to drop Dialog as a supplier of power management ICs. That possibility was acknowledged by Dialog recently (see Dialog admits Apple could make PMICs).
Tsinghua University is the owner of Tsinghua Unigroup holding company and has been used as an instrument of Chinese industrial policy. It has responded to the fall in Dialog’s shareprice, although Dialog’s share’s jumped 10 percent on the latest regulatory announcement to trade at over €25.
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