Apple Cuts Smartphone Power Chip Orders From Dialog Semiconductor

Apple Cuts Smartphone Power Chip Orders From Dialog Semiconductor
Dialog semiconductor logo is pictured at a flag in Germering near Munich, Germany Aug. 15, 2016. REUTERS/Michaela Rehle/File Photo
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FRANKFURT—Dialog Semiconductor said Apple now planned to source the main power management chips (PMICs) for one of its three new iPhone models from two suppliers instead of just from the German chipmaker.

That means that Apple will order 30 percent fewer of the chips from Dialog this year than it had initially expected, Dialog said in a statement on Thursday.