• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Business

British Chip Maker, Imagination Technologies Up for Sale

Uloma Mary Omolaiye by Uloma Mary Omolaiye
June 30, 2017
in Business, Enterprise
Share on FacebookShare on Twitter

It’s no longer news that there is a big score to settle between chip maker Imagination Technology and Apple. There’s been news trailing the chip maker: the tech industry experiencedwas a drastic plummet in shares, where it lost almost 70% of its value after Apple announced that it would discontinue to use the company’s design as it intends to develop its own graphic chip.

Following this decision by Apple, the British company has put itself up for sale and has announced that a number of parties have indicated interest in acquiring the entire group. In this respect, the Board of Imagination has initiated a formal sale process and discussion with potential bidders in ongoing.

In a press release, it was affirmed that the company remains in dispute with Apple Inc. The imagination went further to issue details on the formal sale process.

As the bid for the Whole Group officially begins, the British company has set certain conditions for parties interested in the formal sale process. Intended bidders will be required to enter into a confidentiality agreement and the terms must be satisfactory to the Board of Imagination. This is a “conditional requirement for information purpose”.

Given the company’s years of expertise in GPU design and its existing customer base, it is certain that it will find a buyer soon and many are hoping that companies like Intel, Qualcomm, MediaTek, Samsung, Google and Apple itself will take good advantage of this purchase.

Related Posts:

  • Apple-iPhone-16-Pro-hero-geo-240909-lp.jpg.landing-big_2x
    iPhone 17 to feature Apple's in-house Wi-Fi, Bluetooth Chips
  • _large
    Apple Is Working On An All-In-One Cellular, Wi-Fi…
  • https___hypebeast.com_image_2023_01_Apple-Reportedly-Halts-Development-of-Its-Own-WiFi-Chips-0
    Apple Reportedly Delays Development Of Its Own WiFi Chips
  • IMG_4423
    Everything You Need to Know About Apple’s “Glowtime”…
  • Apple-WWDC22-M2-chip-hero-220606_big.jpg.large
    WWDC22: Apple Unveils The M2 Chip, With Improved…
  • samsung (1)
    Samsung's Q3: AI Chips Shine, But Mobile Slump Hits…
  • 875349_1e0e927ce295407e8f1d31034caf1ae1_mv2
    Apple Will Reportedly Launch M3-Equipped iMac Soon
  • ryzen-ai-pro-300-series-image
    AMD to Mass Produce New AI Chip Later This Year

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: ApplebritainImagination TechnologyUKunited kingdom
Uloma Mary Omolaiye

Uloma Mary Omolaiye

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Affiniti Raises $17M for AI-Powered Small Business Finance May 22, 2025
    • Absolute Zero’ AI Achieves Top-Level Reasoning Without Human Data May 22, 2025
    • Penfold, a Digital Pension Fintech Company Raises £3.9m May 22, 2025
    • Lagos Introduces Drone Monitoring To Increase Security May 22, 2025
    • Samsung Wallet Adds Tap-to-Transfer for P2P Payments May 22, 2025
    • MTN Launches MoMo Pay for Informal Payments Market May 22, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    Recent News

    Affiniti Raises $17M for AI-Powered Small Business Finance

    Affiniti Raises $17M for AI-Powered Small Business Finance

    May 22, 2025
    Absolute Zero’ AI Achieves Top-Level Reasoning Without Human Data

    Absolute Zero’ AI Achieves Top-Level Reasoning Without Human Data

    May 22, 2025
    Penfold, a Digital Pension Fintech Company Raises £3.9m

    Penfold, a Digital Pension Fintech Company Raises £3.9m

    May 22, 2025
    Lagos Introduces Drone Monitoring To Increase Security

    Lagos Introduces Drone Monitoring To Increase Security

    May 22, 2025
    Google Adds Anti-Theft Protection to Android Phones

    Samsung Wallet Adds Tap-to-Transfer for P2P Payments

    May 22, 2025
    MTN Launches MoMo Pay for Informal Payments Market

    MTN Launches MoMo Pay for Informal Payments Market

    May 22, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok