By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: Apple Says Not Making an Offer for GPU Firm Imagination Technologies
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
News

Apple Says Not Making an Offer for GPU Firm Imagination Technologies

srijita
Last updated: 2016/03/28 at 5:04 PM
By srijita 2 Min Read
Share
SHARE
Apple Says Not Making an Offer for GPU Firm Imagination Technologies

Apple said on Tuesday it had talked about buying its supplier Imagination Technologies but did not plan to make an offer for the British graphics chip designer at the moment.

Shares in Imagination, which counts Applie amongst its top shareholders and whose technology is used in Apple devices including the iPhone and iPad, jumped earlier on Tuesday after website Ars Technica UK said Apple was in talks to buy the company.

“From time to time, Apple talks with companies about potential acquisitions,” the US company said in subsequent a statement.

“We had some discussions with Imagination, but we do not plan to make an offer for the company at this time.”

Imagination has struggled to reduce its reliance on Apple and last month announced the departure of veteran chief executive Hossein Yassaie after 18 years in the job, along with a profit warning and restructuring plan.

Its shares, which have slumped from a high of 705 pence nearly four years ago, were up 5.7 percent at 195.50 pence at 1625 GMT on Tuesday, valuing the company at 528 million pounds ($750 million, roughly Rs. 5013 crores).

Earlier in the day the shares had jumped more than 20 percent on the report of interest from Apple, which holds 8.4 percent of the stock, according to Thomson Reuters data.
[“source-ndtv”]

You Might Also Like

Certified AC Technicians in Ocala: Your Local Cooling Experts

Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business

What Should My Video Game Room Have?

From Traditional Payments to Innovative Solutions: How Car Insurance Is Adapting to Modern Needs

Step by Step in Selling Your Car Online

TAGGED: an, Apple, Firm, for, GPU, Imagination, Making, Not, Offer, Says, Technologies
srijita March 28, 2016
Share
Previous Article Samsung Galaxy Note 6 Tipped to Launch With Android N in July
Next Article HTC 10 Flagship Smartphone Set to Launch on April 12

Calendar

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    

Latest Trending News

  • Buying a Used VW Car in Albuquerque? Here’s What to Know August 21, 2025
  • What to Do If the Trunk of Your Nissan Won’t Open August 20, 2025
  • Fatherhood, marriage, and Longevity in the August 14, 2025
  • Style, Luxury, and Innovation in a New Car Coming in 2024 August 13, 2025
  • Interior of the 2025 Mitsubishi Outlander PHEV August 8, 2025
  • NCAP Rating and Safety Features of the Tata Harrier August 6, 2025
  • Certified AC Technicians in Ocala: Your Local Cooling Experts August 5, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?