Imagination Technologies had acquired a US company that designs artificial intelligence chips prior to the Canyon Bridge acquisition. The timing of the takeover seems perfect.

The company also devotes resources to the development and manufacturing of DAB digital radios.

Imagination Technologies Group plc has agreed to acquire the entire share capital of Ensigma Limited, a private company specialising in Digital Signal Processing (DSP) algorithms and technologies for entertainment, communication and speech applications, for a maximum consideration of £5.0 million, comprising £1.8m in cash and £3.2m in shares and shares under option. Apple is Imagination's fourth-largest shareholder with a stake of just over 8 percent, according to regulatory filings, and the Cupertino-based titan certainly has enough cash to make an acquisition. February 8, 2013-- Imagination Technologies Group plc (LSE: IMG, "Imagination") has completed the acquisition of the operating business and certain patent properties of MIPS Technologies, Inc. (Nasdaq: MIPS, "MIPS") as well as license rights to all of the remaining patent properties.. MIPS is a leading provider of CPU (central processing unit) architectures and IP cores.

Japan's Softbank bought ARM for £24 billion last year, the biggest British tech acquisition to date. MIPS is a technology used by software to tell processors what to do. Sir Hossein Yassaie, the former chief executive of Imagination Technologies, has said he "doesn't like" Softbank's acquisition of British chipmaker ARM. The acquisition of Imagination Technologies by Canyon Bridge was originally …

Imagination is a UK-based, global leader in graphics, vision, connectivity, and AI IP for the semiconductor industry, with world-class products, technology, and talent.

Former Imagination boss Sir Hossein Yassaie doesn't view Softbank's ARM acquisition as a good sign for the UK's post-Brexit economy. Imagination Technologies, founded in 1985, became a leader in the semiconductor industry, developing chips to power graphics applications, as well as others used in mobile networks. Imagination acquired it in 2013 for $100 million. Apple is Imagination's fourth-largest shareholder with a stake of just over 8 percent, according to regulatory filings, and the Cupertino-based titan certainly has enough cash to make an acquisition. UK Prime Minister Theresa Imagination Technologies has put up itself for sale after its stock nosedived due to Apple’s decision to stop using/licensing Imagination’s PowerVR mobile GPU technology. MIPS Technologies, Inc., formerly MIPS Computer Systems, Inc., was an American fabless semiconductor design company that is most widely known for developing the MIPS architecture and a series of RISC CPU chips based on it.


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