Apple cuts itself a bigger slice of Imagination Technologies

Just over six months after grabbing its first piece of Imagination Technologies, Apple has upped its stake in the British graphics IP company from 3.6% to 9.5%. Reuters says Apple has bought a total of 13.7 million new IMG shares.

2.2 million of those shares reportedly cost the iPhone maker £1.43 ($2.36) a pop, while the rest changed hands at an undisclosed price. If all new shares cost the same, then Apple must have spent a total of $32.3 million on the deal—not exactly pocket change, but still a small fraction of the $1.21 billion profits Apple posted last quarter.

As we noted last December, Imagination licenses PowerVR graphics intellectual property cores to Apple and other customers, including Intel, Samsung, and Texas Instruments. Reuters points out that Intel already owns 16% of the British firm, and Imagination Tech "sees the share purchases as a way for the companies to ensure access to its intellectual property."

Apple may be building IMG-derived technology into home-brewed hardware for the iPhone. The company recently hired a pair of former graphics technology officers from AMD, and it also brought in chip designers to develop ARM-based processors for the iPhone last year.

Comments closed
    • [TR]
    • 10 years ago

    So now they’re closer to launching the iDea?

      • pullmyfoot
      • 10 years ago

      Nope. Theyre close to iThink though

        • Meadows
        • 10 years ago

        iThink, that would be cool.

          • ludi
          • 10 years ago

          iThink, therefore iAm what I yam.

    • adisor19
    • 10 years ago

    I’m not surprised by this development. What i am surprised is that they haven’t bought them already.

    Adi

      • Meadows
      • 10 years ago

      I doubt Apple could wrestle that considerable share from intel.

        • adisor19
        • 10 years ago

        They don’t need to. There’s plenty of other shares out there 🙂

        Adi

      • ludi
      • 10 years ago

      Why buy the whole cow when you can buy 10% and get time share?

        • adisor19
        • 10 years ago

        Because somebody else might buy it and cut you off.

        Adi

          • ludi
          • 10 years ago

          If Apple is smart, they’ve almost certainly negotiated their IP license a little better than that. Even if they did get cut off at some future point, they would doubtless have usage rights long enough to ride out the rest of that product generation.

      • ssidbroadcast
      • 10 years ago

      Just use your Imagination.

    • Scrotos
    • 10 years ago

    Maybe they’ll hire the old BitBoys guys and we’ll have a resurrection of the Glaze3D!

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