Imagination Technologies, the British GPU chipmaker, announced Thursday that it has reached a new multi-year licensing agreement with Apple to replace the multi-year licensing agreement first signed by the two sides in 2014. Under the new agreement, Apple will pay Imagination an licensing fee to use the latter’s extensive intellectual property rights, but the two sides have not disclosed the specific intellectual property rights involved.
Imagination was previously Apple’s GPU chip supplier, but its fortunes were reversed in 2017. Apple announced that it would no longer use The Imagination’s GPU on the iPhone or iPad for two years, instead of using it, and switch to a custom GPU. After losing Apple,” Imagination was eventually sold to private equity firm Canyon Bridge.