Dialog Semiconductor Expects To Remain Apple's Main Supplier Of PMIC Designs

Dialog has made iPhone power chips for a decade
Credit
AP

The statement added that Dialog didn't expect to lose its Apple power chip business in 2018.

Dialog has designed the iPhone's power chips for a decade and relies on Apple for around three quarters of its revenue.

The stock has lost half its value since April on investor concerns that Apple is working on its own power chips.

Dialog supplies power management chips for Apple's iPhones, iPads and watches which accounts for three-quarters of its revenues past year.

However, it was acknowledged by the company for just the first time that Apple holds the capability and resources internally to design PMIC and could possibly do so within the next couple of years. As for 2018, Dialog said it "does not have reason to believe its current expectations of 2018 Apple business would be impacted", even if Apple makes its own chips.

"Apple is obviously not helping Dialog to win this argument with investors".

The U.S. technology company said in April it planned to replace graphics chip supplier Imagination Technologies, sending its shares down 70 percent in a single session.

Imagination has since been sold to China-backed Canyon Bridge Capital Partners for -550 million ($740 million), well below the -2 billion ($2.7 billion) it was worth at its peak in 2012.

Semiconductor suppliers are typically barred by Apple from revealing their supply relationships. Dialog previously has declined to use the name Apple, referring only to its biggest customer, said it received a dispensation from the iPhone maker to mention its name.

Dialog shares were down 18.5 percent to 25.45 euros at 1150 GMT on December 4. Morgan Stanley set a €55.00 ($65.48) price objective on Dialog Semiconductor and gave the stock a "buy" rating in a report on Thursday, November 16th. But that may change in the future if Apple decides to drop it in favor of its own power management chips.

Dialog said it would give investors an update when more details become available, said the CEO.

Related News:

  • Jose Mourinho Pondering Luke Shaw Start Against CSKA Moscow

    Jose Mourinho Pondering Luke Shaw Start Against CSKA Moscow

    The defender has been eased in by Jose Mourinho since his £31 million move from Benfica in the summer. Shaw has had a troubled time of things since joining Manchester United in 2014 from Southampton.
    Two Women Accuse California Asm. Matt Dababneh Of Sexual Harassment

    Two Women Accuse California Asm. Matt Dababneh Of Sexual Harassment

    When she went to the bathroom, she wrote, he blocked the door, dropped his trousers and urged her to touch him. The Assembly will hire an outside law firm to investigate the claim by Lopez, a Sacramento lobbyist.
    Tribute for missing North Carolina 3 year-old toddler found dead

    Tribute for missing North Carolina 3 year-old toddler found dead

    More than 225 members of 14 local, state and federal agencies conducted almost 100 interviews, and followed more than 140 leads. "We have recovered what we believe are the remains of little Mariah Woods ".
  • Biocon surgest 15% on USFDA approval

    Biocon surgest 15% on USFDA approval

    Mylan and Biocon's biosimilar is called Ogivri (trastuzumab-dkst) and follows a back and forth of delays with regulators over manufacturing issues at a plant in India.
    McConnell: Tax bill won't add to nation's debt woes

    McConnell: Tax bill won't add to nation's debt woes

    It will now be sent to conference committee , where Senate members will have to reconcile their bill with the very different version passed by the House on November 16, before sending it to president Donald Trump to sign.
    US Defence Secy Mattis arrives in Pak

    US Defence Secy Mattis arrives in Pak

    John Nicholson, the top US commander in Afghanistan, said there have been no changes in Pakistan's support for militant networks. He said the USA has been direct about its expectations from Pakistan. "We're hoping to see those changes", he said.
  • Max hospital row: Two doctors who declared premature baby dead terminated

    Max hospital row: Two doctors who declared premature baby dead terminated

    Cops are also probing Ashish's allegation that the hospital had asked them to pay Rs 50 lakh for keeping the baby in its nursery. The family observed slight movement in the polythene bag while they were on their way to perform the last rites.
    Patriots' Gronkowski gets one-game suspension for late hit

    Patriots' Gronkowski gets one-game suspension for late hit

    Zolak thought that White was holding on the play and that somehow excused Gronkowski's retaliation. It was unclear what McDermott said to Belichick to elicit that response from the Patriots coach.
    NJ sports betting case: How we got here and what happens next

    NJ sports betting case: How we got here and what happens next

    In this November 30, 2017, photo, betting slips are seen on a table at the Monmouth Park racetrack in West Long Branch, N.J. In 2014, New Jersey tried a different tactic by repealing laws prohibiting sports gambling at casinos and racetracks.
  • LaVar Ball pulls Lonzo Ball's brother LiAngelo Ball from UCLA

    LaVar Ball pulls Lonzo Ball's brother LiAngelo Ball from UCLA

    So what's next for LiAngelo Ball? This is not an ideal situation since he isn't expected to be drafted. And his latest move has him pulling another one of his sons from school.
    CME Group sets date for Bitcoin futures launch

    CME Group sets date for Bitcoin futures launch

    One bitcoin was worth just a fraction of a penny when it started trading in 2010, and by the start of this year was worth $1,000. Nasdaq Inc also plans to list a futures contract based on bitcoin in 2018, Reuters reported last week.
    Elton John announces his mother's death, says he's 'in shock'

    Elton John announces his mother's death, says he's 'in shock'

    Fans and celebrities offered their condolences including singer and actress Betty Buckley who offered her condolences. This past Mother's Day, he tweeted a photo posing with her that was captioned, " Dear Mum, Happy Mother's Day! ".


Most liked

Ingress game getting a revamp next year
So basically this is huge news for people who stuck with Ingress even if Niantic was busy building up Pokemon GO . The game has been downloaded over 20 million times since its launch in 2012.

6 awkward moments from Herm Edwards' introductory presser at Arizona State
It was reported last week that Anderson had chosen Edwards as coach but needed the OK from university president Michael Crow . He accumulated a 54-74 record in the National Football League with four trips to the playoffs and two career playoff wins.

Olivier Giroud urged to leave Arsenal in January by France assistant manager
In the summer window he was heavily linked with a move away from Arsenal, but no move transpired. Not to mention Arsenal's other French striker Olivier Giroud .

FCC: "Desperate" net neutrality supporters won't delay vote
In its essence, that ability to access everything on the web without it favoring or blocking anything is what is known as net neutrality.

Cyclone Ockhi moves away; 96 fishermen still missing
The boats, now docked at Mirya Bunder in Ratnagiri were from Tamil Nadu, Kerala, and Karnataka. The intensity of the cyclone is likely to weaken on Monday and subsequently on Tuesday.

Capcom Finally Announces Mega Man 11 For Modern Platforms
Mega Man Legacy Collection and Mega Man Legacy Collection 2 will release for Nintendo Switch worldwide in Spring 2018. Either way, though, it's the most love the series has gotten since X8 came out for the PS2 more than a decade ago.

Voyager 1 investigation fires quiescent thrusters in interstellar space
NASA scientists and propulsion experts weren't also sure if the thrusters would work in short bursts, if they worked at all. The aging spacecraft, first launched in 1977, is the fastest and most well-traveled spacecraft ever launched by NASA .

In Utah, Trump Announces Dramatic Decreases In Size To State's National Monuments
That's where he's expected to announce massive reductions in the size of Bears Ears Monument and Grand Staircase Escalante. They include the Navajo, Hopi, Pueblo of Zuni, Ute Mountain and Ute Indians who consider Bears Ears sacred.

Director Bryan Singer departs Queen biopic mid-production
Robot star, 36, reportedly complained to Twentieth Century Fox about Singer's "unreliability and unprofessionalism". THR remarks Singer's extended absence as the "final straw" for the studio, which led to his termination today.

High wind warning issued for Santa Clarita Valley
Humidity levels will be in the 10 to 15 percent range today and the 7 to 15 percent range from Tuesday through Saturday. The mountains in Ventura County are also under a red flag warning.

O'Reilly Accuser Sues Because Bill Keeps Talking About Her
Bernstein's attorneys said in a statement Monday that she "was not the source for this revelation". Bernstein's suit claims emotional distress as well as reputational and financial harm.

ABC suspends journalist over inaccurate Flynn reporting
Behar read the false report on air, prompting her audience to break into uproarious applause, which co-host Meghan McCain compared to Oprah's now famous vehicle giveaway.

ALTERED CARBON Trailer: Netflix's Cyberpunk Show Is Also Its Most Expensive Yet
Enter Miguel Sapochnik, director of Game of Thrones' best ever episode - "Hardhome" - and enter Richard Morgan's Philip K. The first trailer for a series Netflix has kept quite low-key up till now, Altered Carbon , was released on Monday.

"House of cards" to resume production next year without Kevin Spacey
Spacey reportedly will not appear in any of the episodes, even though the final season was two weeks into shooting. Said Ted Sarandos , Chief Content Officer for Netflix, " We are excited to bring closure to fans ".

Huskies to play Penn State in the Fiesta Bowl
This is very much a possibility, as it has been proven by Bryce Love and Stanford that Washington can be beaten on the ground. This is the fourth straight year in a row the Nittany Lions are playing in a bowl game under Coach James Franklin .