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Imagination announces new Apple licence deal

Jan 03, 2020 13:24 IST

Apple has revived its licensing relationship with UK-based chipmaker Imagination Technologies. Imagination said the deal will allow Apple to access a wider range of Imagination's intellectual property in exchange for fees under a new multi-year deal. Apple's move comes three years after the iPhone giant's decision to break ties disrupted Imagination's business. Founded in 1985, Imagination had been hailed as one of a handful of successful home-grown technology companies in the UK.