LONDON, UK / ACCESSWIRE / May 31, 2018 / Dialog Semiconductor plc (XETRA: DLG) has been provided with a reduced share of the volume forecast from Apple for the main Power Management IC (PMIC) for the 2018 smartphone platform. The projected volume for the sub-PMIC in the 2018 smartphone platform and all other PMICs including those for tablets, wearables, and notebooks, remains unchanged.
This is the first time one of our custom PMICs for the smartphone platform is being dual sourced and it is estimated to reduce the FY 2018 revenue by approximately 5%. The company still expects revenue growth in FY 2018. As in previous years, revenue performance will be strongly weighted towards the second half of the year.
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 also intends to continue to explore new mixed-signal opportunities outside of power management for future Apple products.
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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 2017, it had approximately $1.35 billion in revenue. 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.
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SOURCE: Dialogue Semiconductor Plc.