Imagination Technologies Announces New Licensing Agreement With Apple
Imagination Technologies announced on Thursday that Apple has replaced a licensing agreement with the British chipmaker for access to its intellectual property in exchange for license fees.
In a brief statement on its website, the U.K. firm said that the substitute multi-use license agreement, first announced in February 2014, would allow Apple access to a "wider range" of Imagination's IP.
London, UK; 2nd January 2020 – Imagination Technologies ("Imagination") announces that it has replaced the multi-year, multi-use license agreement with Apple, first announced on February 6, 2014, with a new multi-year license agreement under which Apple has access to a wider range of Imagination's intellectual property in exchange for license fees.
The development marks a dramatic shift in relations between the two companies following three years of discord, beginning in April 2017 when Apple told the chipmaker that it planned to stop using its graphics technology in iOS devices within two years.
Imagination relied on Apple for up to half of its revenue and saw its shares fall by 60 percent on the news of Apple's plans. Imagination also publicly criticized Apple, claiming that it doubted the tech giant could go it alone without violating Imagination's patents, IP, and confidential information.
After entering a "dispute resolution procedure" with the company, Imagination accused Apple of unauthorized use of its IP. Apple hit back by claiming that the firm had known for nearly two years that it was winding down the relationship, and was only revealing the separation after Apple had invoked a clause in its contract to pay lower royalty rates.
Imagination lost 70 percent of its value following the dispute with Apple, and despite a successful restructuring and a return to profitability for the company, put itself up for sale in June 2017. Imagination was bought by the Chinese-funded private equity firm Canyon Bridge in November 2017.
Popular Stories
An iPhone 17 announcement is a dead cert for September 2025 – Apple has already sent out invites for an "Awe dropping" event on Tuesday, September 9 at the Apple Park campus in Cupertino, California. The timing follows Apple's trend of introducing new iPhone models annually in the fall.
At the event, Apple is expected to unveil its new-generation iPhone 17, an all-new ultra-thin iPhone 17...
Apple is expected to unveil the iPhone 17 series on Tuesday, September 9, and last-minute rumors about the devices continue to surface.
The latest info comes from a leaker known as Majin Bu, who has shared alleged images of Apple's Clear Case for the iPhone 17 Pro and Pro Max, or at least replicas.
Image Credit: @MajinBuOfficial
The images show three alleged changes compared to Apple's iP...
Apple and Samsung have reportedly issued cease-and-desist notices to Xiaomi in India for an ad campaign that directly compares the rivals' devices to Xiaomi's products. The two companies have threatened the Chinese vendor with legal action, calling the ads "disparaging."
Ads have appeared in local print media and on social media that take pot shots at the competitors' premium offerings. One...
Apple will launch its new iPhone 17 series this month, and the iPhone 17 Pro models are expected to get a new design for the rear casing and the camera area. But more significant changes to the lineup are not expected until next year, when the iPhone 18 models arrive.
If you're thinking of trading in your iPhone for this year's latest, consider the following features rumored to be coming to...
Apple is preparing to release iOS 18.7 for compatible iPhone models, according to evidence of the update in the MacRumors visitor logs.
We expect iOS 18.7 to be released in September, alongside iOS 26. The update will likely include fixes for security vulnerabilities, but little else.
iOS 18.7 will be one of the final updates ever released for the iPhone XS, iPhone XS Max, and iPhone XR,...
