Imagination, whose graphics technology is in Apple's iPhone, said on Tuesday it would gain 160 engineers and 82 patents to make it a stronger player in CPUs, the central processors in devices like routers, modems and games consoles.
It will also get a licence for a further 498 patents being sold by California-based MIPS for $350 million to a consortium of technology companies organised by patent holding company Allied Security Trust and led by ARM.
"The combined business should be able to create a new industry-leading force in CPUs, and essentially will provide choice and an alternative to our good friends in Cambridge," Imagination chief executive Hossein Yassaie told Reuters, referring to ARM.
Imagination buys MIPS for $60 million
Posted on Tuesday, November 06 2012 @ 20:05 CET by Thomas De Maesschalck