Apple inked a new licensing deal with Imagination Technologies, renewing its relationship with the UK-based chip company less than two years after parting ways to pursue in-house graphics processor development.
The latter noted in a short statement a new multi-year licence agreement will give Apple access to a wider range of IP than a previous deal the pair signed in 2014, but did not specify what technology the tech giant will have access to.
Apple severed its relationship with Imagination in April 2017, announcing plans to build its own graphics chips and stop using the company’s technology in its iPhones and other products within two years.
The move sparked a patent row, and the loss of one of its top customers sent Imagination into a tailspin which culminated with its sale to private equity company Canyon Bridge Capital Partners for £550 million in September 2017.
Apple continued to push hard in subsequent years to reduce its reliance on third-party suppliers, inking a $300 million deal to acquire power management IP and staff from Dialog Semiconductor in 2018 and shelling out $1 billion to acquire the majority of Intel’s smartphone modem business in 2019.Subscribe to our daily newsletter Back