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Apple cuts orders for smartphone power chips from Dialog Semiconductor

Apple Inc. is cutting its orders of main power management chips, or PMICs, from Dialog Semiconductor (UK) Ltd. by 30%, as it plans to source the device from one additional supplier, Reuters reported, citing a statement from the chipmaker.

While the company still expects revenue growth for fiscal year 2018, it projects a 5% reduction due to Apple's move. Dialog said it will "continue to explore new mixed signal opportunities outside of power management for future Apple products."

On a conference call, Dialog CEO Jalal Bagherli said the announcement will likely have the same effect on their 2019 revenues, adding that Apple did not state its reason for its decision.

The chip in question will be used for one of the three new iPhone models. Apple did not change its order for the sub-PMIC, another power management chip that Dialog is manufacturing for the new iPhones, as well as those used for tablets, wearables and notebooks, according to the Reuters report.

Apple is also planning to cut the production of two new types of its OLED iPhones by half due to low sales of iPhone X.