India best placed to leverage te…

  Hyderabad: Prime Minis…

Hardik may campaign for MP polls

  Bhopal: Gujarat's Pati…

Journalist who wrote about Parri…

  Panaji: A journalist w…

NCP candidate among 4 killed in …

  Shillong: Four people,…

Clear sky in J&K cause sub-z…

  Jammu/Srinagar: A clea…

Partly cloudy sky on Monday

  New Delhi:It was a par…

Canadian PM visits Mathura wildl…

  Lucknow: Canadian Prim…

'Journalism was like instant cof…

  New Delhi: She worked …

PNB fraud: Ex-Deputy Bank Manage…

  New Delhi:The Central …

Arvinder Singh Lovely returns to…

  New Delhi: In a boost …

«
»
TwitterFacebookPinterestGoogle+

Imagination Technologies up for sale amid dispute with Apple

Facebooktwittergoogle_plusredditpinterestlinkedinmail

 

San Francisco: Britain-based Imagination Technologies, former chip designer for Apple and currently in a legal dispute with the iPhone maker, has put itself up for sale.

Apple used Imagination’s technology and intellectual property for years.

It formed the basis of Graphics Processor Units (GPUs) in Apple’s iPhones, tablets, iPods, TVs and watches.

“Over the last few weeks, we have received interest from a number of parties for a potential acquisition of the whole group. The board has decided to initiate a formal sale process and is engaged in preliminary discussions with potential bidders,” Imagination said in a statement late on Thursday.

The company’s stock surged over 20 per cent after it issued the statement, media reported on Friday.

Apple announced in April that it would cut its reliance on Imagination within two years.

IANS

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA Image

*