Apple news hits Dialog

Apple news hits Dialog

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Dialog Semiconductor has said its top customer Apple could build its own power-management chips into future iPhones rather than rely on the Anglo-German chipmaker, sending its shares plunging up to 19%.

The company, which analysts reckon derives more than half of its revenue from Apple, said there was no risk to its existing supply deals in 2018 and it was in the advanced stages of working with Apple on designing “2019-type products” that could lead to commercial contracts by next March.

“Our position remains that we have seen no material change to our ongoing relationship with Apple Inc,” chief executive Jalal Bagherli told investors on a conference call.

However, the company acknowledged for the first time that “Apple has the resources and capability to internally design a power-management integrated circuits and could potentially do so in the next few years.”

“Our position remains that we have seen no material change to our ongoing relationship with Apple Inc,” chief executive Jalal Bagherli told investors on a conference call.

However, the company acknowledged for the first time that “Apple has the resources and capability to internally design a power-management integrated circuits and could potentially do so in the next few years.”

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