Apple Inks $600 Million Deal To Acquire Assets and Talent From Dialog Semiconductor

In an effort to build faster, more efficient chips, Apple is paying a total of $600 million to Dialog Semiconductor, a chipmaker based out of Europe that it's been working with since the first iPhone. According to TechCrunch, Apple is paying $300 million in cash to buy a portion of the company, including licensing power-management technologies, assets, and more than 300 employees, as well as 'committing a further $300 million to make purchases from the remaining part of Dialog's business.' From the report: While Dialog is describing this as an asset transfer and licensing deal, it will be Apple's biggest acquisition by far in terms of people: 300 people will be joining Apple as part of it, 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.

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 â' 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 says post the acquisition, the remaining part of the business will focus more on IoT, as well as mobile, automotive, computing and storage markets, specifically as a provider of custom and configurable mixed-signal integrated circuit chips.

Read more of this story at Slashdot.