Imagination Technologies (“Imagination”) announces that it has replaced the multi-year, multi-use license agreement with Apple, first announced on February 6, 2014, with 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.
The relationship between the companies went sour in 2017 when Apple informed Imagination that it would stop using its technology within two years. At the time, the company claimed it would not be possible to design a new GPU architecture without its IP.
We believe that it would be extremely challenging to design a brand new GPU architecture from basics without infringing our intellectual property rights, accordingly we have not accepted Apple's assertions.
Later in the year, Imagination Technologies put itself up for sale and was acquired by Canyon Bridge, a China-based private equity group.
Today's announcement doesn't offer much insight into the new agreement but we'll let you know if more details become available.
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