Apple chip firm not worried

When Apple dropped Imagination Technologies as a supplier for iPhone technology, the British chip designer’s shares plunged up to 69% and the company ultimately accepted a buyout.

However, fellow UK firm Dialog Semiconductor, which relies on Apple for about three-quarters of its revenue, isn’t worried.

Following strong third-quarter earnings, Dialog chief executive Jalal Bagherli has dismissed concerns, saying his company and Imagination have little in common other than sharing similar customers.