Apple to pay $600 million for part of chip supplier's business

Apple is acquiring a piece of U.K.- and Germany-based chip company Dialog Semiconductor for $600 million, including $300 million as a pre-payment for chips.

Why it matters: Apple is going deeper into designing its own chips as the deal includes about 300 employees joining Apple and acquisition of intellectual property. It also puts more certainty into Dialog's future after recent rumors that Apple may turn to other suppliers.