Dialog’s shares are plunging.
Dialog Semiconductor is a British, listed firm which supplies power management chips to the iPhone and other Apple products.
It’s one of the fastest growing chip businesses in Europe — but shares plummeted on Monday after the firm admitted Apple could bring iPhone chip design in-house.
Its chief executive said it would still supply chips for to Apple in 2018, but it couldn’t be certain about its 2019 deal with the firm for another few months.
The news comes after another UK chip firm, Imagination Technologies, was sold off to a Chinese buyer after Apple pulled its business.
Shares in Dialog Semiconductor, the publicly listed British firm which supplies power management chips for the iPhone and other Apple products, are plunging after its chief executive admitted that Apple could one day bring iPhone chip design in-house.
CEO Jalal Bagherli said Apple probably had the capability to produce its own iPhone chip but said there was no indication that the firm was about to do so.
Tech: iPhone chip supplier Dialog is planning for ‘several scenarios’ after admitting Apple could destroy its business (AAPL)
