Apple is paying £455 million ($600 million) to UK-based Dialog Semiconductor as part of a licencing agreement that will strengthen its position in chips in Europe.
Apple will pay half the amount for the initial deal and the other half for Dialog products over the next three years.
In the process, the tech giant will take Dialog’s power management technologies, certain assets, and 300 employees, who are already working with Apple.
Apple will also assume control of Dialog facilities in Livorno in Italy, Nabern and Neuaubing in Germany, and Swindon in the UK.
Dialog CEO Jalal Bagherli said: “This transaction reaffirms our long-standing relationship