“Imagination Technologies is primarily known for its PowerVR line of GPUs, which Apple has used in its mobile A-series SoCs since the A4, which powered the iPhone 4 and 4th-gen iPod Touch,” Anthony reports. “In February this year, the company announced that longtime CEO Hossein Yassaie would be stepping down and that it would begin the process of restructuring the business. Then last week, in mid-March, the company announced that, as part of the restructuring, it would be axing 350 jobs and focusing on PowerVR.”
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MacDailyNews Take: Makes sense to bring it in-house if it’s such an integral technology and the company is struggling on its own.