The deal under which European fabless chip company Dialog would transfer 16 percent of its workforce to Apple, while receiving license fees and pre-payment for three years of products, was announced in October 2018 (see Apple to acquire PMIC capabilities, staff from Dialog).
Under the terms of the deal Dialog will receive $600 million in total, consisting of a payment from Apple of $300 million in cash for the transaction and pre-payment of $300 million for Dialog products to be delivered over the next three years.
Dialog said that at the same time it has been awarded a broad range of contracts from Apple for the development and supply of other mixed-signal integrated circuits.
Previously Dialog had been highly dependent on sales of PMICs to Apple while Apple was looking to take the development of PMICs in-house. The outcome reflects a considerably better transition for Dialog than that which befell GPU licensor Imagination Technologies.
“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, computing and storage markets,” said Jalal Bagherli, CEO of Dialog Semiconductor, in a statement. “This agreement reaffirms our long-standing relationship with Apple and gives me great confidence in the future of our business.”
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.