Apple Buys $4.8 Million Stake In Mobile Chip Maker - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Infrastructure // PC & Servers

Apple Buys $4.8 Million Stake In Mobile Chip Maker

Apple is a licensee of Imagination's technology, which could play a bigger role in Apple products in the future as a result of the investment.

Apple has bought a stake in a company that makes semiconductors for mobile phones, portable media players, and other consumer electronics, increasing Apple's investment in chipmakers with technology that could fit in the company's iPhone and iPod product lines.

The investment, amounting to 8.2 million shares of Imagination Technologies Group, is roughly a 3.6% stake in the U.K. company, Imagination said in a statement released Thursday. Apple paid 58 cents a share, making the deal worth about $4.8 million.

Apple is a licensee of Imagination's technology, which could play a bigger role in Apple products in the future as a result of the investment. Apple was not immediately available for comment and rarely if ever discusses future product releases.

Imagination makes semiconductors for a variety of multimedia and communication applications, including digital radios, personal media players, car navigation systems, mobile Internet devices, ultramobile PCs, digital televisions, and set-top boxes. Apple products that could use such technology include the iPhone 3G, iPod Touch, and Apple TV.

It's not the first time Apple has put its money into chips. In April, the company bought PA Semi, a maker of low-power PowerPC processors. PA Semi designs the products, but manufacturing is outsourced.

Industry veteran Dan Dobberpuhl founded the 150-person PA Semi in 2003. Dobberpuhl is the acclaimed lead designer of the DEC Alpha series of microprocessors, the StrongARM microprocessor, and the first multicore systems on chip with the SIByte 1250.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
2021 Outlook: Tackling Cloud Transformation Choices
Joao-Pierre S. Ruth, Senior Writer,  1/4/2021
News
Enterprise IT Leaders Face Two Paths to AI
Jessica Davis, Senior Editor, Enterprise Apps,  12/23/2020
Slideshows
10 IT Trends to Watch for in 2021
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/22/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
Slideshows
Flash Poll