Dialog Semiconductor Tumbles After Analyst's Apple Warning
- Curse of the Apple suppliers continues after Imagination Tech
- Dialog shares fall the most in 16 years following Lampe note
Dialog Semiconductor Tumbles on Analyst’s Apple Warning
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Dialog Semiconductor Plc’s shares plunged the most in more than 16 years after an analyst warned that Apple Inc. probably will cut back on the use of the company’s power-management chips.
“There is strong evidence that Apple is developing its own power-management integrated circuits and intends to replace the chip made by Dialog at least in part,” Karsten Iltgen, analyst at Bankhaus Lampe, said in a research note published Tuesday. A shift to Apple developing its own chips in-house is unlikely in the short term, he said.