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Imagination Technologies Puts Itself Up for Sale

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Jun 22, 2017, 12:54 PM by Eric M. Zeman

Imagination Technologies today said it has put the entire company up for sale following its loss of business with Apple. Earlier this year Apple announced plans to make its own GPU for the iPhone, a part Imagination Technologies has manufactured for Apple for years. Apple was Imagination's largest customer and losing the GPU contract was a huge blow. The company has already listed two business units for sale and today made the entire enterprise available for purchase. Imagination said it already "is engaged in preliminary discussions with potential bidders." Despite these plans, Imagination has filed legal grievances against Apple because it believes the iPhone maker will not be able to create its own GPU without using Imagination's patented technology.

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