Apple is developing its own power management chips, according to a report from German private bank Bankhaus Lampe. The release of the report Tuesday led to a sharp drop in the shares of Dialog Semiconductor, the current supplier of these chips to the iPhone maker.
“The teams of both companies collaborate very closely and thus, Dialog cannot be replaced by a third-party supplier. However, Apple itself could replace Dialog,” wrote analyst Karsten Iltgen.
As evidence, the report cited 16 different job openings on Apple’s website for analog/power management engineers for the design center in Munich alone.