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Apple Increases Stake in U.K. Chipmaker Imagination

Authored by Mark Hefflinger on June 26, 2009 - 7:27am.
Hertfordshire, England - Radio chipmaker Imagination Technologies Group has announced that Apple (NASD: AAPL) has nearly tripled its stake in the company, purchasing 2.2 million new shares for about $5.2 million.

Following the share placement, Apple will have a 9.5% stake in Imagination.

Hertfordshire, England-based Imagination says that Apple is a licensor of its technology, which is thought to include a chip used in the iPhone.

The company's PURE Digital unit also makes DAB digital radios and other products.

 

Related Links:
http://www.imgtec.com/corporate/newsdetail.asp?NewsID=473

Published in DMW Daily, June 26, 2009
tags: Deals | Apple | Investments | iPhone | Semiconductors | Imagination Technologies Group |



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