Apple has finalized a business agreement with Dialog Semiconductor to license its iPhone power management technology and transfer technical assets, in a deal worth $600 million.

As part of the agreement, Apple will acquire some of the Anglo-German chipmaker’s assets and 300 of its R&D staff, which is around 16 percent of Dialog’s workforce. Dialog’s shares rose as much as 34 percent on the news, their highest since 2002.

Källa: Apple Acquires iPhone Power Management Technology in $600 Million Deal With Chipmaker Dialog

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