Announced in a brief press release the Imaginati website, the new agreement provides that Apple will pay license fees for multi-year rights to a “wider ranger” of the intellectual property of the British company. The intellectual property that is involved in the agreement was not disclosed in today’s statement:
Imaginati Technologies (“Imaginati”) announces that it has replaced the multi-year multi-use license agreement with Apple, announced for the first time February 6, 2014, by a new multi-year license agreement under which Apple has access to a range of Imaginati’s intellectual property in exchange for license rights.
Former Apple collaborator in the field of GPU design, Imaginati saw his fortune collapse in 2017 when the tech giant decided to move GPU operatis internally.
In April 2017, Imaginati announced that Apple plans to stop using the company’s IP in its hardware designs by 2019. The company is heavily dependent license revenue from the iPhe maker, which amounted to around $ 81 milli in fiscal 2017. Apple’s abrupt withdrawal left Imaginati beating to stay alive as its stock plummeted.
Shortly after the announced breakup, Imaginati entered a “dispute resoluti process”, accusing Apple of “unauthorized use of Imaginati’s cfidential informati and intellectual property rights”. In its defense, Apple said
it ceased to accept Imaginati’s new intellectual property in 2015, adding that the company ly decided to inform its shareholders of the situati after Apple had invoked a ctractual clause to pay less royalty rates high.
The chipmaker sought to sell in June 2017 and eventually found a buyer in the Chinese-backed stock company Cany Bridge.
For years, Apple has relied Imaginati’s PowerVR technology in its A-series system-chip designs, silic that can still be found some iPads, Apple Series 3, and Apple TV 4K. In 2017, however, Apple introduced its own integrated GPU design with the A11 Biic chip powering the iPhe 8 and iPhe X. Subsequent A-series designs are based solely Apple technology.