Imagination Technologies considers growth by acquisition

Peter Clarke, EETimes
eetimes.eu (07/30/2009 12:08 PM EDT)

LONDON -- Multimedia core licensor Imagination Technologies Group plc (Kings Langley, England) is on the look out to grow by acquisition, as well as organically, according to Tony King-Smith, vice president of marketing.

Although Imagination, best known for its PowerVR range of graphics cores, suffered from a run of loss-making years it has turned its fortunes around in the last couple of years as it has signed up leading chipmakers to license its graphics cores. It now includes two licensees — Apple Inc and Intel Corp. — as shareholders with 9.5 percent and 16 percent, respectively.

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