BloombergBritish chip designer Imagination Technologies Group PLC said that it has struck a new license agreement with Apple Inc, reviving a business relationship that had all but ended in the past few years. The US company also uses its own graphics processors in the Apple Watch. It told Imagination Technologies in 2017 that it would stop using its IP in new products within two years. When Imagination Technologies, then a public company, announced the loss of Apple as its biggest customer, its stock plummeted. The British company in 2018 said that there might be “material uncertainty” regarding the future of the company if Apple did not pay any royalties on its latest generation of iPhones and iPads.

Source: Taipei Times January 02, 2020 15:56 UTC