One of the world’s leading multinational technology companies, Apple Incorporation, is adding 300 computer chip engineers to its team after striking a deal to hire them from one of its British suppliers.
The company is paying Dialog Semiconductor 300 million Dollars for the acquisition, which also includes some of the reading-based company’s patents and facilities.
Apple has long used Dialog’s products to monitor and control power consumption in its iPhones and iPads, and the deal represents one of Apple’s biggest takeovers in headcount terms.
The Californian company already designs its own computer processing units (CPUs) and last year announced it was ending a partnership with another UK company, Imagination Technologies, to create its own in-house graphics processing units (GPUs) too.
It was rumored in 2017 that Apple also planned to phase out use of Dialog’s components, causing the supplier’s shares to tumble by 20%.
Those fears, however, appear to have been overstated as Apple has also announced it has pre-paid Dialog a further 300 million Dollars to secure products from it over the next three years.