toggle

AAPL Stock: 114.64 ( -3.8 )

Printed from http://www.macnn.com

Apple more than doubles stake in PowerVR maker

updated 07:30 am EDT, Fri June 26, 2009

Apple Boosts Imag Stake

Apple today dramatically increased its stake in PowerVR graphics designer Imagination Technologies through a purchase of a total of 13.72 million extra shares. The move, which includes both 2.2 million extra shares as well as 11.52 million shares on the existing market, well over doubles the original 3.6 percent stake bought late last year to 9.5 percent. It's believed the extra investment is a reaction to Intel, which last week increased its own stake a second time to 14 percent.

The investment is considered important for Apple, which uses only PowerVR graphics in its iPhone and iPod touch devices. Its most recent launch, the iPhone 3GS, uses a PowerVR SGX video core now believed to be the SGX535. Imagination's technology allows for programmable shaders (visual instructions) that roughly match the visual features available to desktop and notebook graphics chips but in a small and power-efficient enough form to fit in a smartphone.

Intel uses PowerVR technology in newer versions of its ultra-mobile Atom platform and will make it key to its Pine Trail platform late this year.




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented