#iphone graphics supplier to sell off businesses amid patent battle with #apple


Imagination Technologies, the company that’s long supplied graphics chip designs for the iPhone, has announced plans to sell off two of its businesses amid a major patent dispute with Apple.

Last month, Imagination’s business was crushed after Apple announced it would begin making its own graphics solutions and end its reliance on the company within two years. Its stock price dipped by more than half within a single day and has only lowered since.

To stabilize itself, Imagination is doing two things: first, it’s announcing plans to sell off two businesses — one focused on embedded processors, another on licensing patents related to mobile and IoT. And second, Imagination is…

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