Dialog says Apple to source fewer main smartphone power chips from it

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FRANKFURT (Reuters) – Dialog Semiconductor mentioned Apple now deliberate to supply fewer of the principle energy administration chips (PMICs) it wants for its smartphones this 12 months from the German chipmaker than it had beforehand deliberate.

FILE PHOTO: Dialog semiconductor emblem is pictured at an organization constructing in Germering close to Munich, Germany August 15, 2016. REUTERS/Michaela Rehle

The transfer will cut back Dialog’s full-year 2018 revenues by round 5 p.c, Dialog mentioned, however added that revenues would nonetheless develop year-on-year.

Dialog’s inventory has misplaced greater than half of its worth over the previous 12 months on investor considerations that Apple is working by itself battery-saving chips for iPhones.

Analysts reckon Dialog derives greater than half its income from supplying Apple with PMICs.

Reporting by Maria Sheahan; Enhancing by Adrian Croft

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