Imagination, supplier of Apple chip tech, to buy MIPS
Imagination, a key supplier of Apple chip technology, will buy MIPS, one of the oldest names in the silicon business.
U.K.-based Imagination Technologies, a major supplier of graphics chips, will buy the operating business of MIPS Technologies, a vendor of power-efficient chips used in routers, set-top boxes, and game machines.
With the deal, valued at $60 million, Imagination will get 82 "key" patents that are "directly relevant to the MIPS architecture" and comprehensive license rights to all of the remaining 498 MIPS' patents, for a total of 580 patents.
Imagination, known primarily as a … Read more