Dialog Semiconductor — the strategy behind it | Stratrix

Company profile

Not an SEC registrant — the context below is drawn from our coverage.

Type: Company
Analyses: 1
Angles: Boundaries of the Firm

Decisions on record

One verified Decision Record on Dialog Semiconductor, and the casebook each one belongs to.

Fork date	Decision type	The story	Casebook
2018	Vertical-Integration Bet	Read the story →	Vertical-Integration Bet Casebook →

The analyses

Vertical-Integration Bet · Boundaries of the Firm

Apple made 77% of Dialog's sales — then paid $600M to hire away its engineers and stay a customer

When Apple moved power-chip work in-house in 2018, Dialog looked doomed: Apple was 77% of its 2017 sales. Yet Dialog's shares jumped 17% on the news, it kept new Apple contracts, and shareholders were bought out three years later at a roughly 20% premium. The $600 million wasn't a funeral.