“It is likely to increase fears that Imagination will lose more staff to the iPhone maker after dozens of employees have jumped ship from the Hertfordshire-based group,” Titcomb reports. “Last week, Imagination was thrown into chaos when it emerged that Apple planned to stop using its designs for the graphics chips that power the iPhone and iPad.”
“Profiles on the networking website LinkedIn reveal that at least 25 former Imagination staff have joined Apple in the last two years in San Francisco and London,” Titcomb reports. “They include John Metcalfe, Imagination’s former chief operating officer.”
Read more in the full article here.
MacDailyNews Take: Again, the message is crystal clear: Don’t fsck with Apple.
Of course, one would hope there is some mechanism in place to prevent Apple from running roughshod over suppliers, offering them lowball acquisition offers or payment terms and, if they refuse, destroying their stock prices with threats of lost business while also poaching the supplier’s key employees. (See related articles below.)
We expect such mechanism to be pursued via legal channels if Imagination Technologies feels they have been/are being railroaded.
Why Apple’s ditching of Imagination is critical for the future of the iPhone – and maybe even the Mac – April 5, 2017
Apple could look to buy Imagination Technologies after ditching the chip firm, share price plunge – April 4, 2017
Imagination Technologies’ shares collapse after Apple dumps UK chip designer – April 3, 2017
Apple nabs top talent from iPhone 7 GPU chipmaker Imagination Technologies – October 13, 2016
After failed takeover talks with Apple, Imagination Technologies sells stake to state-owned Chinese company – May 9, 2016
Apple in ‘advanced talks’ to acquire Imagination Technologies for PowerVR GPU – March 22, 2016