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Dialog acknowledges Apple could design its own power chips; shares tumble

Investors are wary of companies that rely heavily on Apple, which has cut out several small suppliers in the past.

Reuters  |  London/Frankfurt 

Dialog Semiconductor said on Monday 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 as much as 19 per cent. 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 in ...

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First Published: Mon, December 04 2017. 16:32 IST
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