(Bloomberg) -- Apple Inc has signed a deal with Dialog Semiconductor Plc to license the U.K. chip designer’s power management technology and acquire certain assets, including more than 300 staff. Apple will pay Dialog an initial $300 million plus an additional $300 million for product delivery over the next few years. The British firm also won a number of new contracts from the iPhone maker, including the supply of power management, audio subsystem, charging and mixed-signal integrated circuits, according to a statement Thursday. Dialog relies on Apple for about three-quarters of its revenue, predominantly through the supply of chips that handle charging and manage power in smartphones. While Apple has developed its own processors for years, the company only recently stepped up the in-house design of components, including graphics, Bluetooth and other phone-related chips.
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