|Bid||42.41 x N/A|
|Ask||42.46 x N/A|
|Day's Range||41.97 - 42.80|
|52 Week Range||18.36 - 44.98|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||11.27|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Jul.30 -- Jalal Bagherli, chief executive officer at Dialog Semiconductor, discusses second-quarter results, new growth opportunities, and the company’s relationship with Huawei Technologies Co. He speaks with Bloomberg's Guy Johnson on "Bloomberg Markets."
Chip designer Dialog Semiconductor is still in the market for takeovers, and any deal it does is likely to be bigger than a recent transaction it did with Silicon Motion, CEO Jalal Bagherli said. Bagherli told analysts that the M&A market was "tighter", making him inclined to look at startups or carve-outs to round out Dialog's business after a landmark deal last year to transfer people and patents to Apple. Dialog said in March it would acquire Silicon Motion's mobile communications business for $45 million, expanding into the market for low-power connected devices.
Dialog Semiconductor gave an upbeat forecast for revenues and profit after confirming a second-quarter earnings beat thanks to its deal to transfer people and patents to Apple. The Anglo-German chip designer struck a $600 million agreement with Apple last year to transfer people and patents involved in the design of the main power-management chips used at the heart of the iPhone. At the same time, Dialog's remaining business with Apple - which spans a broader range of products and technology - trebled in size, giving management the confidence to set guidance above market expectations.
(Bloomberg) -- Apple Inc. is buying Intel Corp.’s struggling cellular modem unit, bringing on key engineering talent and patents that will allow the technology giant to more quickly develop crucial components to connect its devices to the mobile internet.The deal is valued at $1 billion, Intel and Apple said in joint announcement. Intel sought to shed the unit because Chief Executive Officer Bob Swan decided it was costing the chipmaker too much money to support just one customer, which is Apple. The deal will give Apple 2,200 new employees and now a total holding of 17,000 wireless patents, the companies said.Apple has been using Intel modems exclusively in iPhones since last year. But after having settled its long-standing royalties lawsuit with Qualcomm Inc. in April, it will go back to using that company’s 5G cellular modems for future versions of products like the iPhone. Qualcomm was the first to offer such technology at a mass scale and was on track to have its second-generation chip in the market before Intel released its first. Eventually, Apple wants to shed all third-party partners and bring modem production in-house, a move that the deal with Intel should help expedite.“Apple is excited to have so many excellent engineers join our growing cellular technologies group, and know they’ll thrive in Apple’s creative and dynamic environment,” Johny Srouji, Apple’s senior vice president of hardware technologies, said in a statement. “They, together with our significant acquisition of innovative IP, will help expedite our development on future products and allow Apple to further differentiate moving forward.”Swan said that Intel has “long respected Apple” and that he’s “confident they provide the right environment for this talented team and these important assets moving forward.” Although Intel is selling the modem unit to Apple, the company said it still holds the right to build modems for non-phone devices like computers, home products and self-driving cars.The deal is scheduled to close in the fourth quarter. Intel said that Goldman Sachs served as its financial adviser.Apple has been working on its own modem technology for the past couple of years and has established development centers, including in San Diego, a hotbed for modem development and Qualcomm’s backyard, to support the effort. In recent months, Apple has been ramping up hiring from Intel and Qualcomm to work on 5G modems.Earlier this year, before settling with Qualcomm, Apple re-located its modem engineering team, moving it from the main hardware-engineering group under longtime vice president Ruben Caballero, into the hardware-technologies division led by Srouji. Caballero has since left the company. The settlement with Qualcomm helps Apple in part to be able to bring a 5G iPhone to market next year after Intel missed deadlines and featured inferior performance, according to people familiar with the series of events.By planning to develop its own modems, Apple will not need to rely on a third-party designer for such a key part. Selling its own modems would follow the long-time Apple playbook, which is to design critical components internally. Apple already designs the main processors for its mobile devices and eventually plans to do the same for Mac computers. The company also built its own graphics engines, wireless chips and is exploring custom batteries and screens.The deal with Intel is similar to one struck by Apple to pay Dialog Semiconductor Plc. $600 million for its power management business, the provider of another key component for Apple’s devices.(Updates with company comments, starting in fourth paragraph.)To contact the reporters on this story: Mark Gurman in Los Angeles at firstname.lastname@example.org;Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Tom Giles at firstname.lastname@example.org, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Apple Inc. is negotiating to buy Intel Corp.’s struggling cellular modem unit, said a person familiar with the matter.A deal would give Apple key engineering talent and patents that would help it develop new devices to connect to the mobile internet. The Intel assets could be valued at about $1 billion in a transaction, said the person, who asked not to be identified because the matter was private.An agreement could be reached as soon as this week, though it’s possible talks could break down without a deal, the person said.Representatives for Apple and Intel declined to comment. The negotiations were reported earlier by the Wall Street Journal.Apple is building its own cellular modems for devices like the iPhone, iPad and Apple Watch in part to eventually reduce its reliance on buying parts from Qualcomm Inc. or others.Apple’s latest iPhone models currently use modems sourced exclusively from Intel, but the company settled its long-standing royalties lawsuit with Qualcomm in April amid plans to sell 5G iPhones in 2020. Qualcomm’s 5G modems are widely regarded to be superior to those from Intel. However, Apple’s licensing and royalties agreement with Qualcomm ends in six years and Apple appears intent on eventually replacing the Qualcomm parts with modems developed internally.A deal with Intel could be similar to Apple’s agreement to pay Dialog Semiconductor Plc $600 million to take over its power management business, the provider of another key component for Apple’s devices. Intel currently provides modems for Apple’s 4G LTE iPhones.To contact the reporters on this story: Liana Baker in New York at email@example.com;Mark Gurman in San Francisco at firstname.lastname@example.org;Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, Michael Hytha, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Anglo-German chip designer Dialog Semiconductor on Wednesday raised its second-quarter earnings outlook, citing strong revenue and gains from a transfer of assets to iPhone maker Apple. The operating profit includes $28 million in one-offs, including $16 million on the transfer of assets to Apple and $12 million from non-recurring engineering contracts. Dialog completed a $600 million deal in April to transfer programmers and patents to Apple.
The United States and China eased trade tensions over the weekend and helped the European market climb to a near two-month high in early dealings on Monday, with Germany's trade-sensitive DAX leading market gains. U.S. and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and reducing restrictions on tech company Huawei in order to lessen hostilities with Beijing. The pan-European STOXX 600 index rose 1.3% by 0706 GMT and Frankfurt's DAX rallied 1.6%.
FRANKFURT (Reuters) - Anglo-German chip designer Dialog Semiconductor declined to comment on Monday when asked whether its shipments to Huawei had been affected following a crackdown on the Chinese company ...
In an interview on CNBC's "Squawk Box Europe" Thursday, Dialog Semiconductor CEO Jalal Bagherli expressed optimism in his outlook for the Chinese mobile phone market. Dialog signed a $600 million licensing deal with Apple last year. China's smartphone market is set to rebound after a soft first-quarter, according to the CEO of Apple AAPL supplier Dialog Semiconductor DLG-DE .
Dialog currently has cash and cash equivalents of $690 million on its balance sheet, after signing a $600 million deal with Apple in October to license Dialog’s power management technology and acquire certain assets, including more than 300 staff. "We have a pile of cash, and part of it will be used to fund acquisitions," Jalal Bagherli, chief executive officer of Dialog, said in an interview with Bloomberg on Thursday. Despite the loss of a power management contract, Dialog has been awarded new business from Apple for the development and supply of other mixed-signal integrated circuits, revenue from which will be generated over the course of the next three years.
Anglo-German chip designer Dialog Semiconductor on Thursday forecast a recovery in demand after sales of its rapid-charge products were affected in the first quarter by weak demand in China. CEO Jalal Bagherli said he expected a sequential rise in revenue in the second quarter, and that the second half would be stronger than the first, as weakness in China faded towards the end of the first quarter.
FRANKFURT (Reuters) - Chip designer Dialog Semiconductor said it would acquire Silicon Motion's mobile communications business for $45 million in cash, expanding its presence in the market for low-power ...
Dialog Semiconductor is targeting new growth opportunities from home healthcare to gaming consoles following a $600 million deal to cut its exposure to Apple, CEO Jalal Bagherli told Reuters on Wednesday. The Anglo-German chip designer struck the deal in October with Apple, which accounts for three-quarters of its revenue, helping it to weather an iPhone sales downturn better than other suppliers to the smartphone maker. Dialog said the business that will remain after it transfers a team of programmers and patents to Apple should show strong growth in 2019, weighted towards the second half.
FRANKFURT (Reuters) - Dialog Semiconductor is targeting growth opportunities ranging from home health to gaming consoles following a $600 million deal to reduce its exposure to Apple, CEO Jalal Bagherli ...
Dialog Semiconductor is targeting growth opportunities ranging from home health to gaming consoles following a $600 million deal to reduce its exposure to Apple, CEO Jalal Bagherli told Reuters in an interview. ...