Apple Increases Investment In British Chip Designer - 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 Increases Investment In British Chip Designer

Apple has been on a chip-design spending spree, buying PA Semi, a vendor of low-power PowerPC processors, and hiring more than 100 people with semiconductor expertise.

Apple significantly increased its investment in Imagination Technologies, a British designer of chips that handle graphics, video and other tasks in a variety of consumer electronics.

Apple increase its stake in Imagination from 3.6% to 9.5% with the purchase of 2.2 million shares at 1.4275 pounds per share, Imagination said Friday. In U.S. dollars, 1.4275 pounds equals about $2.36.

Apple in December 2008 bought 8.2 million shares of Imagination for a 3.6% stake. At the time, Apple paid the equivalent of 58 cents a share.

Apple is a licensee of Imagination's technology, which is likely to play a bigger role in Apple products in the future.

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, iPod Touch, and Apple TV.

It's not the first time Apple has put its money into chips. In April 2008, the company bought PA Semi, a maker of low-power PowerPC processors. PA Semi designs the products, but manufacturing is outsourced.

Industry watchers believe Apple is moving deeper into chip design as a way to develop unique product features that can't be easily imitated by competitors.

Apple has been on a hiring spree that has added to its workforce more than 100 people with expertise in semiconductors. The employees include veterans of Intel, Samsung and Qualcomm.

In April of this year, Apple hired Raja Koduri, a CTO fresh from Advanced Micro Devices' graphics product group. It was the second such hire from AMD. Apple had also hired Bob Drebin, who was also a CTO at AMD. Both men had worked as engineer directors for graphics chipmaker ATI Technologies, which AMD acquired in 2006.

InformationWeek has published an in-depth report on smartphone security. Download the report here (registration required).

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
Slideshows
10 Cyberattacks on the Rise During the Pandemic
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/24/2020
News
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
Commentary
Study: Cloud Migration Gaining Momentum
John Edwards, Technology Journalist & Author,  6/22/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
Slideshows
Flash Poll