English
Performance Efficiency AI Accelerator for Mobile and Edge Devices
Industry Expert Blogs
|
Imagination sells loss-making PureMannerisms - David MannersSep. 30, 2016 |
Imagination Technologies Group, owners of PowerVR-brand graphics processors and MIPS-brand microprocessors, is to sell its Pure digital radio business.
“The Pure business, with its assets and liabilities, is being sold on a cash and debt free basis to AVenture AT, an Austrian company, for £2.6m in cash,” said Imagination. “The buyer has also been granted an option to acquire one of the Group’s properties in Kings Langley, Hertfordshire for £4.5m. The cash will be used to reduce the Group’s debts.”
The deal is expected to complete on 30 September 2016.
Related Blogs
- Intel Embraces the RISC-V Ecosystem: Implications as the Other Shoe Drops
- Ecosystem Collaboration Drives New AMBA Specification for Chiplets
- Extending Arm Total Design Ecosystem to Accelerate Infrastructure Innovation
- Experts Talk: RISC-V CEO Calista Redmond and Maven Silicon CEO Sivakumar P R on RISC-V Open Era of Computing
- NVIDIA Acquires Arm: Implications for the Market