Shares of Apple supplier crater after admitting tech giant may soon design own chips

Shares of Apple supplier crater after admitting tech giant may soon design own chips

7 years ago
Anonymous $1bh8zaeyQS

https://www.cnbc.com/2017/12/04/apple-supplier-shares-fall-on-news-tech-giant-may-design-own-chips.html

Dialog Semiconductor slumped to the bottom of the Stoxx 600 on Monday morning after admitting that its biggest customer Apple could be about to design its own chips.

In mid-morning European trade, shares in the Anglo-German firm were more than 18 percent lower. The slump built on a similar fall in value last Thursday when a news report claimed Apple would be designing its own iPhone chips from as early as next year.