22 Facts About Imagination Technologies

Imagination Technologies Limited is a British semiconductor and software design company owned by Canyon Bridge Capital Partners, a private equity fund based in Beijing that is ultimately owned by the Chinese government.

Imagination Technologies was listed on the London Stock Exchange until it was acquired in November 2017 by Canyon Bridge.

On 23 March 2000, Imagination Technologies acquired Ensigma, a private company specialising in digital signal processing, for a maximum consideration of £5 million.

On 26 September 2001, Imagination Technologies acquired Cross Products Limited, a company designing and producing development tools for META DSP IP cores and Renesas's SuperH architecture processors under CodeScape brand, for £4.

On 24 November 2008, Imagination Technologies announced a license agreement it signed with a new partner, then undisclosed, for a high-performance version of its PowerVR SGX graphics processor chip: this was later revealed to be Apple Inc In December 2008, Apple Inc purchased a 3.

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On 17 November 2010, Imagination Technologies announced its intention to acquire HelloSoft, one of the world's leading providers of Video and Voice over Internet Protocol and wireless LAN technologies, for a maximum consideration of $47 million.

On 14 December 2011, Imagination Technologies announced that it had signed a licensing agreement with Qualcomm.

Imagination Technologies signed an agreement for the display IP from its PowerVR portfolio.

On 3 January 2012, Imagination Technologies announced that it will invest totalling £5 million, in Toumaz Microsystems, a wireless intercom spinout of Toumaz Ltd.

In June 2012, Imagination Technologies acquired Nethra Imaging, a semiconductor and systems company focused on delivering video and imaging solutions.

On 17 December 2012, Imagination Technologies beat Ceva Inc in the race to buy processor technology firm MIPS Technologies with a knockout offer of $100 million.

On 8 February 2016, Imagination Technologies announced that Sir Hossein Yassaie had stepped down from the company after 18 years as CEO.

Imagination Technologies had seen over 40 percent of its market value lost in the past few months, and over 85 percent since it peaked in 2012, due to its dependence on Apple which had seen slowing iPhone sales.

Additionally, Imagination Technologies announced a restructuring program to cut costs by £15m in the next financial year, and announced its intention to sell its Pure digital radio division.

The following month, Imagination Technologies announced that it would enter into a dispute resolution process seeking that Apple license its intellectual property, arguing that Apple "has not presented any evidence to substantiate its assertion that it will no longer require Imagination's technology, without violating Imagination's patents, intellectual property, and confidential information".

Imagination Technologies announced that it would sell its MIPS and Ensigma businesses.

Imagination Technologies sold MIPS processor rights to Tallwood MIPS Inc in 2017.

MIPS Imagination Technologies was acquired by Wave Computing in 2018, where "MIPS operates as an IP licensing business unit".

Since the sale to Canyon Bridge, there have been security concerns over possible technology transfers to Chinese state-owned enterprises, leading to key executives of Imagination Technologies being summoned to appear before the Foreign Affairs Select Committee of the British parliament.

On 2 January 2020, Imagination Technologies announced a new multi-year license agreement with Apple including access to a wider range of Imagination's IP in exchange for license fees.

On 5 October 2020, Imagination Technologies announced Simon Beresford-Wylie as its new Chief Executive Officer.

On 30 November 2020, Imagination Technologies announced the sale of its Ensigma Wi-Fi development operations and Wi-Fi IP tech assets to Nordic Semiconductor.