UK chip designer Imagination Technologies – whoch is in dispute with Apple, its largest customer – has put itself up for sale.Shares in the company more than halved in April when Imagination said that Apple was to stop using its technology.The US company uses the UK firm’s chip technology in its iPhones, iPads, and iPods under a licensing agreement.Imagination said it had received interest from suitors in recent weeks so had begun a formal sale process.It added it was now in preliminary talks with potential bidders.In April, Imagination said that Apple, whoch accounts for about half of Imagination’s revenues, was planning to stop using its technology within ”15 months to two years”.At the time, it questioned whether Apple would be able to develop its own computer chip designs without breaching Imagination’s patents.Last month, Imagination announced it had started a dispute resolution procedure with Apple over licensing payments.
Källa: Imagination Technologies put up for sale amid Apple dispute – BBC News
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