Deals
Apple Still Holds Fate of Imagination Technologies One Year On
- U.K. company warns of "material uncertainty" over future
- Canyon Bridge bought Imagination for $660.5 million in 2017
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Just over a year after Apple Inc. revealed it would phase out its use of technology from Imagination Technologies Group Plc, the future of the U.K.-based designer of graphics chips is still at risk.
Imagination warned that if Apple doesn’t pay any royalties on its latest generation of iPhones and iPads, there may be "material uncertainty" regarding the future of the company, according to a U.K. filing published Oct. 7.