Apple ups stake in UK chip maker
Published:26-June-2009
By Staff Reporter
To address its mobile graphics needs
Apple is increasing its stake in a UK-based mobile-graphics chip designer, Imagination Technologies, just six months after acquiring a 3.6% stake in the company for £3.2m.
Apple purchased another 2.2m of its shares for £3.14m, adding to the 8.2m it acquired in December 2008. Media reports show that Apple purchased about 11.52m shares of the company and obtains a 9.5% ownership in the company now, which is almost triple the original stake that the company acquired last year. Apple employs Imagination Technologies' PowerVR MBX graphics cores in iPhone.
Intel has also increased its stake in Imagination to 16% recently, by acquiring 25m shares. Imagination Technologies has already announced that Intel Centrino Atom processor technology includes its POWERVR SGX graphics and POWERVR VXD multi-standard HD video technologies.
Imagination Technologies’ PowerVR mobile phone graphics support various applications in mobile, consumer and computing segments. POWERVR allows various forms of multimedia processing, such as, 3D/2D/vector graphics and general purpose processing (GP-GPU) including image processing.
