Apple buys into PowerVR chip maker

12/18, 11:10am

Apple buys into IMG

Apple has made a heavy investment into another chip manufacturer, according to an announcement. The company has bought 8.2 million shares in the Imagination Technologies Group, giving it a ownership stake of 3.6 percent. IMG is perhaps best known for producing the PowerVR series of chips, used to accelerate graphics in mobile devices; as a result, Apple may now be in a position to use the chips in future iPods and iPhones, or else some unknown device.

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