Apple in Deal With Dialog, the Company Making Energous Wireless Chargers
Dialog Semiconductor is licensing its power management integrated circuits to Apple, with a $300 million prepayment for product purchases over three years and as much also in cash. Apple will employ more than 300 Dialog engineers for R&D and award…
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the semiconductor company a “broad range” of new contracts. The transition is expected to foster "deeper collaboration," Dialog said Thursday. The chipmaker plans to accelerate its transition to provide “differentiated custom and configurable mixed-signal ICs across a broader customer base” in IoT, mobile, automotive and computing & storage markets. Dialog is the manufacturer for wireless charging company Energous. Its CEO Steve Rizzone told us Thursday he expects that arrangement to continue and the new pact is a “win-win” for both companies. Dialog closed up 32 percent at $24.60 on U.S. over-the-counter markets, where it's usually thinly traded.