LONDON, UK / ACCESSWIRE / December 4, 2017 / Dialog Semiconductor plc (XETRA:DLG) confirms that it continues to supply Apple Inc., its largest customer, with customized power management integrated circuits (PMICs) across a range of platforms without material change to its ongoing business relationship. This is reflected in continuing design wins and new design engagements and opportunities.
Although Dialog expects to remain Apple's main supplier of PMIC designs, Dialog recognizes Apple has the resources and capability to internally design a PMIC and could potentially do so in the next few years. Dialog does not have reason to believe its current expectations of 2018 Apple business would be impacted by such potential actions by Apple.
Dialog understands its continued role as Apple's main PMIC supplier is contingent on Dialog meeting Apple's technology, quality, price and volume expectations, as well as continuing to develop advanced technology to meet Apple's requirements. Dialog intends to continue to closely support Apple in developing and supplying sophisticated next-generation power management and mixed-signal technology for use in Apple's products.
Dialog Semiconductor invites you today at 09:00 am (London) / 10.00 am (Frankfurt) to take part in a live conference call and to listen to management's discussion of this announcement. The password for the call is Dialog Semiconductor. Dial in numbers for the call are available below:
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About Dialog Semiconductor
Dialog Semiconductor is a leading provider of integrated circuits (ICs) that power mobile devices and the Internet of Things. Dialog solutions are integral to some of today's leading mobile devices and the enabling element for increasing performance and productivity on the go. From making smartphones more power efficient and shortening charging times, enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog's decades of experience and world-class innovation help manufacturers get to what's next.
Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit the employees, community, other stakeholders and the environment we operate in. Dialog Semiconductor plc is headquartered in London with a global sales, R&D and marketing organization. In 2016, it had approximately $1.198 billion in revenue and was one of the fastest growing European public semiconductor companies. It currently has approximately 2,000 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006) and is a member of the German TecDax index. For more information, visit www.dialog-semiconductor.com.
This announcement may contain forward-looking statements that reflect management's current views with respect to future events. Forward-looking statements include but are not limited to: (i) Dialog's plans, objectives, expectations, and intentions, the benefits of the proposed acquisition (ii) expected adoption of new technologies, expected developments in product portfolio, expected future design wins, expected incorporation of products in those of customers, and expected financial results; and (iii) expected cost, revenue technology and other synergies of the proposed acquisition and business and management strategies.
These forward-looking statements are based upon the current beliefs and expectations of the management of Dialog and involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Dialog's ability to control or estimate precisely and include but are not limited to: (i) the inherent uncertainty associated with financial projections; (ii) the ability to realize the expected synergies or savings from the proposed acquisition in the amounts or in the timeframe anticipated; (iii) the potential harm to customer, supplier, employee and other relationships caused by the announcement or closing of the proposed acquisition; (iv) the ability to integrate Silego's businesses into those of Dialog's in a timely and cost-efficient manner; (v) the development of the markets for Silego's products; (vi) dependence on key personnel; and (vii) other risks described under the heading "Managing risk and uncertainty" in Dialog Semiconductor's most recent Annual Report.
We do not intend or assume any obligation to update any forward-looking statement, which speaks only as of the date on which it is made, however, any subsequent statement will supersede any previous statement.Contact:
Director, Investor Relations
SOURCE: Dialog Semiconductor plc