This just in
https://www.irishtimes.com/business...unge-as-apple-abandons-british-firm-1.3034654
Apple sent Imagination Technologies an ultimatum stating that in less than 2 years they will be prescinding of their services as the designer of their mobile gpu's, instead moving to a chip of their own (Apple) design. This ultimatum has made IT lose 65% of it's market value.
This is huge news, and pretty bold.
"Imagination, however, said it doubted that Apple could go it alone without violating Imagination’ patents, intellectual property and confidential information. “This evidence has been requested by Imagination but Apple has declined to provide it,” it said on Monday. It said that Apple’s notification had triggered talks on alternative commercial arrangements for the current license and royalty agreement."
https://www.irishtimes.com/business...unge-as-apple-abandons-british-firm-1.3034654
Apple sent Imagination Technologies an ultimatum stating that in less than 2 years they will be prescinding of their services as the designer of their mobile gpu's, instead moving to a chip of their own (Apple) design. This ultimatum has made IT lose 65% of it's market value.
This is huge news, and pretty bold.
"Imagination, however, said it doubted that Apple could go it alone without violating Imagination’ patents, intellectual property and confidential information. “This evidence has been requested by Imagination but Apple has declined to provide it,” it said on Monday. It said that Apple’s notification had triggered talks on alternative commercial arrangements for the current license and royalty agreement."