Apple is paying $300M in cash to buy a part of Dialog Semiconductor and expand its chipmaking in Europe

TechCrunch | 10/11/2018 | Staff
Celtics2212 (Posted by) Level 3
Click For Photo:

Apple has quietly been putting considerable effort into building faster and more efficient chips that can help differentiate its hardware from the rest of the consumer electronics pack, and today it’s taking its next (and possibly biggest) step in that strategy. Apple is paying $300 million in cash to purchase a portion of Dialog Semiconductor, a chipmaker based out of Europe that it has been working with since the first iPhone. On top of the main acquisition, Apple is also committing $300 million to make further purchases from the remaining part of Dialog’s business.

This will be Apple’s biggest acquisition by far in terms of people: 300 people will be joining Apple as part of the deal, or about 16 percent of Dialog’s total workforce. From what we understand, those who are joining have already been working tightly with Apple up to now. The teams joining are based across Livorno in Italy, Swindon in England, and Nabern and Neuaubing in Germany, near Munich, where Apple already has an operation.

Cases - Apple - Buildings - Dialog - Others

In some cases, Apple will be taking over entire buildings that had been owned by Dialog, and in others they will be colocating in buildings where Dialog will continue to develop its own business (another sign of how closely the two have and will continue to work together). The Dialog employees Apple is picking up in this acquisition will report to Apple’s SVP of hardware technologies, Johny Srouji.

“Dialog has deep expertise in chip development, and we are thrilled to have this talented group of engineers who’ve long supported our products now working directly for Apple,” said Srouji, in a statement. “Our relationship with Dialog goes all the way back to the early iPhones, and we look forward to continuing this long-standing relationship with them.”

Apple - Acquisition - IP - Licenses

Apple’s acquisition will also include IP and licenses for...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!