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[$$] Apple Swoops Up Engineers From Key Supplier as It Bolsters In-House Chip Design

Apple Inc. has agreed to bring in house more than 300 engineers from one of its key suppliers, Europe-based Dialog Semiconductor PLC, as part of a $600 million deal that boosts the smartphone giant’s chip-design operations. The transfer of what amounts to 16% of Dialog’s total workforce involves a group of engineers who have already been supporting Apple’s chip development, Dialog said Thursday. Apple will pay Dialog $300 million in cash and prepay $300 million for Dialog products to be delivered over the next three years.