Disqus
Imagination Technologies is a fabless semiconductor company. They don’t make physical chips, but they license their know how of creating chips that go into devices that range from mobile phones, to set top boxes, to the radio inside millions of automobiles. Apple uses them for the PowerVR architecture that handles the graphics inside the iPhone and iPod Touch. Back in December 2008 Apple purchased a 3.6% stake in the company for roughly $5.17 million. Today Imagination Technologies announces that Apple has increased their stake to 9.5% for another $5.17 million.
Why? The world may never know. With a nearly 10% stake in the company, would Apple have a say into the where they want Imagination to go in the future? Would Apple pay a reduced royalty fee for the IPR associated with the PowerVR architecture? I’m sure some analyst is going to say something about this, and then all the Apple blogs on the planet will quote his theory as truth.
According to TechCrunch, earlier this week Intel increased their stake in Imagination Technologies to 16.02%.
[Via: mocoNews]
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
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Stefan Constantinescu
