“Imagination Technologies said it had started a ‘dispute resolution procedure’ with Apple, its biggest customer, after failing to resolve a standoff over licensing between the two companies,” Paul Sandle reports for Reuters.
“Imagination said in April that Apple had notified the British firm it was developing its own graphics chips and would no longer use Imagination’s processing designs in 15 months to two years time,” Sandle reports. “Apple has used Imagination’s technology in its products from the time of the iPod, and it receives royalties from every sale of an Apple device containing its designs, including the iPhone and iPad.”
“It said on Thursday it had been unable to make satisfactory progress with Apple on an alternative commercial arrangements for the current license and royalty agreement,” Sandle reports. “”Imagination has therefore commenced the dispute resolution procedure under the license agreement with a view to reaching an agreement through a more structured process,” it said.”
Read more in the full article here.
MacDailyNews Take: The dance continues.
UBS: Imagination likely to see Apple royalties slashed, then cease altogether – April 19, 2017
It’s getting even tougher to be an Apple supplier – April 19, 2017
Without Apple, Imagination Technologies’ PowerVR has no future – April 10, 2017
Apple steps up homegrown GPU plans with London hiring spree – April 9, 2017
Why Apple’s ditching of Imagination is critical for the future of the iPhone – and maybe even the Mac – April 5, 2017
Apple aims for more control, less cost as it accelerates in chip design – 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