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Apple licenses Dialog power management tech, and hires 300 engineers, to develop more custom iPhone chips

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<p>Dialog has been part of the Apple supply chain for some time, but has faced financial uncertainty (https://9to5mac.com/2017/12/04/dialog-power-management-chips-apple-iphone/) amidst rumors Apple is developing its own power management chips. In an interesting turn of events this morning, Apple and Dialog announced a new business agreement (https://www.dialog-semiconductor.com/sites/default/files/ad_hoc_press_release_10.10.18_de_final.pdf) where Apple will license power management technology from Dialog, in exchange for an upfront $300 million payment and another $300 million in purchase agreements over the next three years.</p>
<p>In addition to transferring technical assets, the company announced Apple is hiring the ~300 staff who currently work at Dialog on Apple-related projects. This deal dramatically helps ramp up Apple’s custom chip efforts in areas like power management and charging.</p>
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