Apple is a licensee of Imagination's technology, which could play a bigger role in Apple products in the future as a result of the investment.
By Antone Gonsalves
InformationWeek
The investment, amounting to 8.2 million shares of Imagination Technologies Group, is roughly a 3.6% stake in the United Kingdom-based company, Imagination said in a statement released Thursday. Apple paid 58 cents a share, making the deal worth about $4.8 million. The tech chief of trucking company Con-Way talks about her defiant nature and how it helps her to succeed in IT. Imagination makes semiconductors for a variety of multimedia and communication applications, including digital radios, personal media players, car navigation systems, mobile Internet devices, ultra-mobile PCs, digital televisions and set-top boxes. Apple products that could use such technology include the iPhone 3G, iPod Touch and Apple TV. It's not the first time Apple has put its money into chips. In April, the company bought PA Semi, a maker of low-power PowerPC processors. PA Semi designs the products, but manufacturing is outsourced. Industry veteran Dan Dobberpuhl founded PA Semi -- the 150-person company in 2003. Dobberpuhl is the acclaimed lead designer of the DEC Alpha series of microprocessors, the StrongARM microprocessor, and the first multicore systems on chip with the SIByte 1250.
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