Apple strikes new deal with UK chip maker Imagination Technologies, reviving lapsed business relationship

//Apple strikes new deal with UK chip maker Imagination Technologies, reviving lapsed business relationship

Apple strikes new deal with UK chip maker Imagination Technologies, reviving lapsed business relationship

UK chip designer Imagination Technologies Group said it has struck a new license agreement with Apple, reviving a business relationship that had all but ended in recent years.The company, which was sold to Chinese buyout firm Canyon Bridge Capital Partners for 500 million pounds (US$663 million) in September 2017, said Thursday it “formed a new multi-year license agreement under which Apple has access to a wider range of Imagination’s intellectual property in exchange for license fees”.Apple…

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By | 2020-01-02T03:47:51+00:00 January 2nd, 2020|Business|Comments Off on Apple strikes new deal with UK chip maker Imagination Technologies, reviving lapsed business relationship