Just when you think things could not get worse for Imagination Technologies, Apple is now disputing the timing of the public statements made by IMGTECH regarding the termination of their partnership. Apple says IMGTECH knew back in 2015 but did not release that information until 2017. This makes complete sense to me based on my experience in IP licensing. IMGTECH had to know it was coming based on both direct and indirect information. I certainly did when I did contracts and you can bet there is a paper trail so this will surely go legal...
View attachment 20090
Apple first informed Imagination in late 2015 that it would no longer be buying the U.K. company’s latest technology, Apple said in a statement to Bloomberg. It continued using its older systems.
By 2016, Apple said it told Imagination it was further diminishing the relationship by initiating a clause in its contact that allows Apple to pay a lower royalty rate for using a smaller amount of intellectual property. By February of this year, Apple said it told Imagination it was ending the relationship
Apple’s statement clashes with Imagination’s time line of events. On a conference call with investors this week, Imagination CEO Andrew Heath said the company was informed by Apple at the end of March "that they were certain" that products to be released in 2018 or early 2019 will no longer use Imagination’s intellectual property.
Apple Fires Back at Supplier Imagination in Contract Dispute - Bloomberg
I'm still wondering why Synopsys has not acquired them to complete their IP monopoly. Maybe the legal dust needs to settle? I was told that Cadence and Imagination do not get along at all so they are not a likely suitor.
View attachment 20090
Apple first informed Imagination in late 2015 that it would no longer be buying the U.K. company’s latest technology, Apple said in a statement to Bloomberg. It continued using its older systems.
By 2016, Apple said it told Imagination it was further diminishing the relationship by initiating a clause in its contact that allows Apple to pay a lower royalty rate for using a smaller amount of intellectual property. By February of this year, Apple said it told Imagination it was ending the relationship
Apple’s statement clashes with Imagination’s time line of events. On a conference call with investors this week, Imagination CEO Andrew Heath said the company was informed by Apple at the end of March "that they were certain" that products to be released in 2018 or early 2019 will no longer use Imagination’s intellectual property.
Apple Fires Back at Supplier Imagination in Contract Dispute - Bloomberg
I'm still wondering why Synopsys has not acquired them to complete their IP monopoly. Maybe the legal dust needs to settle? I was told that Cadence and Imagination do not get along at all so they are not a likely suitor.
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