Apple's Relationship with Imagination Technologies

Submitted by Chris on December 18, 2008 - 10:25am

In a press release today, Imagination Technologies Group plc revealed Apple's relationship with the company that is responsible for the PowerVR 3D chipset in the iPhone and iPod Touch.

"Apple Inc. is subscribing for 8,200,000 new shares of Imagination Technologies Group plc. Following the share placement, Apple will have an ownership interest of 3.6%. Apple is a licensee of Imagination’s technology."

Apple recently acquired P.A. Semi and became a licensee for ARM. This latest news from Imagination Technologies comes as speculation increases that the Cupertino based company may be looking to build it's own custom mobile devices in the future. 

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