Shares in Dialog Semiconductor PLC dived 14% on Monday after the company acknowledged it eventually could lose some of Apple Inc.’s business. Dialog, which makes power management integrated circuits, said it “recognizes Apple has the resources and capability to internally design a PMIC and could potentially do so in the next few years.” The British chip maker that is listed in Germany also said in a news release that it “does not have reason to believe
its current expectations of 2018 Apple business would be impacted by such potential actions” and it continues to supply its largest customer
with PMICs across a range of platforms.
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