Apple supplier Dialog Semi sees revenue growth resuming as China slump fades

“Anglo-German chip designer Dialog Semiconductor on Thursday forecast a recovery in demand after sales of its rapid-charge products were affected in the first quarter by weak demand in China,” Douglas Busvine reports for Reuters. “CEO Jalal Bagherli said he expected a sequential rise in revenue in the second quarter, and that the second half would be stronger than the first, as weakness in China faded towards the end of the first quarter.”

“Dialog completed a $600 million deal in April to transfer programmers and patents to Apple,” Busvine reports. “That delivered a cash windfall and left a smaller company less reliant on the iPhone maker, which had accounted for three-quarters of revenue.”

“Dialog’s non-Apple revenue was down 9 percent, year-on-year, due to the China weakness,” Busvine reports. “But new Apple business not covered by the recent deal grew by 92 percent to $46 million as Dialog scored a number of design wins.”

Read more in the full article here.

MacDailyNews Take: Good news looming as we approach the second half of the 2019?

SEE ALSO:
Apple supplier Dialog expects revenue to decline in 2019 – March 7, 2019
Apple supplier Dialog Semi hit revenue target despite iPhone slump in China – January 14, 2019
Dialog Semi says not seeing hit to demand from Apple – November 14, 2018
Apple, Dialog Semi ink $600 million licensing deal for key iPhone tech – October 11, 2018
Dialog Semi sinks 17 percent after warning Apple will bifurcate iPhone power-management chip orders – June 1, 2018
Shares in chipmaker Dialog plunge over Apple contract doubts – April 11, 2017
Apple supplier Dialog partners with wireless charging company Energous – December 15, 2016

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