Stefan Mileschin

Company is working on a separate independent graphics design

Imagination Technologies, the leading graphics processing unit supplier for Apple, issued a press statement on Monday saying that the fruit-themed gadget maker will no longer use the group’s intellectual property in new products manufactured 15 months to two years from now.

The development is a major hurdle for Imagination, the British chip designer that has provided PowerVR graphics processors for iPhones, iPads, iPods, Apple TVs and Apple Watches since 2007. The company’s partnership with Apple accounted for roughly half of its annual revenues, in addition to the royalties it had been receiving on account of iPhone and iPad devices. Those royalties, which totaled £60.7 million ($75.8 million) for the year ending April 2016 and £65 million ($81.2 million) for 2017, are set to expire roughly 15 months to two years from now, before Q2 2019.

http://fudzilla.com/news/43284-apple...censes-by-2019