The annual report of Imagination Tech – the company whose GPU designs are used under license in the iPhone and iPad – describes statements made by Apple as ‘unsubstantiated’ and ‘highly regrettable.’
The company said that in financial year 2017 it returned the company to profitability and had a clear strategy for growth. That path was derailed by an Apple warning that the company planned to switch to its own GPU designs within two years, and would no longer need to pay license fees to Imagination …
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