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Apple scoops up 300 engineers in $600M chip deal

[2018-10-11 13:57:38]

Apple is spending $600 million to buy a piece of its longtime chip partner Dialog Semiconductor, taking on 300 engineers and four Dialog offices in Europe. Apple is paying $300 million in cash, and prepaying on $300 million worth of future chip orders through the next three years. Dialog shares jumped as much as 34 percent on the news. “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…

Apple scoops up 300 engineers in $600M chip deal

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