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posted by n1 on Friday June 23 2017, @10:20AM   Printer-friendly
from the remember-imagination dept.

Imagination Technologies, a company known for its PowerVR GPUs and MIPS processors, saw its shares drop massively when it announced that Apple would make its own GPUs for the next iPhone. Now it is up for sale:

Imagination Technologies Group plc (LSE: IMG, "Imagination", "the Group") announces that over the last few weeks it has received interest from a number of parties for a potential acquisition of the whole Group. The Board of Imagination has therefore decided to initiate a formal sale process for the Group and is engaged in preliminary discussions with potential bidders.

The sale process for the MIPS and Ensigma operations, which commenced on 4 May 2017, is progressing well and indicative proposals have been received for both businesses. [...] There can be no certainty that any offer will be made for Imagination, nor that any transaction will be executed, nor as to terms of any such offer or transaction.

Also at PCMag, AppleInsider (Imagination is an AppleOutsider), and Reuters.


Original Submission

Related Stories

Imagination Technologies Acquired for $675 Million, MIPS to be Sold Off 9 comments

The company that failed to acquire Lattice Semiconductor will acquire Imagination Technologies instead:

https://www.bloomberg.com/news/articles/2017-09-22/imagination-technologies-agrees-to-takeover-by-canyon-bridge

Imagination Technologies Group Plc agreed to be acquired by China-backed private equity firm Canyon Bridge Capital Partners.

Canyon Bridge said it will pay 182 pence a share in cash, or more than 500 million pounds ($675 million), for the U.K. designer of graphics chips. That's 42 percent more than Imagination's closing share price on Friday.

As part of the deal, Imagination will sell its U.S.-based embedded processor unit MIPS to Tallwood MIPS, a company indirectly owned by California-based investment firm Tallwood Venture Capital, Canyon Bridge said.

Canyon Bridge was keen to structure a bid to avoid scrutiny from U.S. regulators, Bloomberg reported earlier this month.

Earlier in September President Donald Trump rejected a takeover by Canyon Bridge of U.S. chipmaker Lattice Semiconductor Corp., just the fourth time in a quarter century that a U.S. president has ordered a foreign sale of an American firm stopped for security reasons.

Also at The Verge, AnandTech, and Financial Times.

Previously:

Related:


Original Submission

Imagination Announces B-Series GPU IP: Scaling up with Multi-GPU 3 comments

Imagination has announced new B-series GPU designs focused on automotive and high-performance computing use cases, as it has become difficult for the company to compete in the mobile GPU market:

It's almost been a year since Imagination had announced its brand-new A-series GPU IP, a release which at the time the company called its most important in 15 years. The new architecture indeed marked some significant updates to the company's GPU IP, promising major uplifts in performance and promises of great competitiveness. Since then, other than a slew of internal scandals, we've heard very little from the company – until today's announcement of the new next-generation of IP: the B-Series.

The new Imagination B-Series is an evolution of last year's A-Series GPU IP release, further iterating through microarchitectural improvements, but most importantly, scaling the architecture up to higher performance levels through a brand-new multi-GPU system, as well as the introduction of a new functional safety class of IP in the form of the BXS series.

[....] Imagination's current highest-end hardware implementation in the BXT series is the BXT 32-1024, and putting four of these together creates an MC4 GPU. In a high-performance implementation reaching up to 1.5GHz clock speeds, this configuration would offer up to 6TFLOPs of FP32 computing power. Whilst this isn't quite enough to catch up to Nvidia and AMD, it's a major leap for a third-party GPU IP provider that's been mostly active in the mobile space for the last 15 years.

[....] Beyond the addition of safety critical features on the BXS series, the automotive IP also features some specific enhancements in the microarchitecture that allows for better performance scaling for workloads that are more unique to the automotive space. One such aspect is geometry, where automotive vendors have the tendency to use absurd amounts of triangles. Imagination says they've tweaked their designs to cover these more demanding use-cases, and together with some MSAA specific optimisations they can reach up to a 60% greater performance for these automotive edge-cases, compared to the regular non-automotive IP.

Related: Imagination Technologies Group Up for Sale


Original Submission

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  • (Score: 1, Interesting) by Anonymous Coward on Friday June 23 2017, @01:30PM (1 child)

    by Anonymous Coward on Friday June 23 2017, @01:30PM (#530001)

    Could Intel buy them? And open-source the drivers for Poulsbo (aka GMA500 -- integrated graphics in early atom netbooks and UMPCs)?

    Yeah, I know. Not gonna happen -- the hardware's too old, not worth their trouble, etc.

    Still... it'd be nice.

    • (Score: 2) by Wootery on Saturday June 24 2017, @12:15PM

      by Wootery (2341) on Saturday June 24 2017, @12:15PM (#530536)

      Doesn't strike me as impossible. Intel could have use for the GPU patents and low-power GPU specialism.

  • (Score: 2) by leftover on Friday June 23 2017, @03:42PM (4 children)

    by leftover (2448) on Friday June 23 2017, @03:42PM (#530053)

    Just watch Apple buy them at a fire-sale price, having killed them by an announcement. "We said we would be producing our own, now we are up and running."

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    • (Score: 2) by takyon on Friday June 23 2017, @05:22PM (3 children)

      by takyon (881) <{takyon} {at} {soylentnews.org}> on Friday June 23 2017, @05:22PM (#530094) Journal

      Come to think of it, that would be the funniest shit ever. Would it be illegal?

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      • (Score: 2) by RamiK on Friday June 23 2017, @07:09PM (2 children)

        by RamiK (1813) on Friday June 23 2017, @07:09PM (#530184)

        Would it be illegal?

        Yes. [wikipedia.org] But it's so widespread and trivial to get away with (especially when you're only interested in the patents so you don't mind liquidating the company later) that it's rarely enforced.

        e.g. Nokia-Microsoft...

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        • (Score: 2) by Wootery on Saturday June 24 2017, @12:13PM (1 child)

          by Wootery (2341) on Saturday June 24 2017, @12:13PM (#530535)

          Isn't there a question of intent there? Unless Apple dumped IMG for the purpose of crashing their share prices (which they may or may not have done), they wouldn't be guilty of market manipulation, right?

          • (Score: 3, Insightful) by RamiK on Saturday June 24 2017, @09:27PM

            by RamiK (1813) on Saturday June 24 2017, @09:27PM (#530696)

            Proving intent depends on the jurisdiction. See p.17: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD103.pdf [iosco.org]

            The bigger problem is long term plays in tech: Strong companies can organize a few shareholders & friends to takeover a smaller company after issuing this sort of press release; Install a CEO that runs the business to the ground while licensing patents free (typically using a cross patenting deal for non-existing products); And then bide their time for a few years until finally buying them and picking them apart (for patents) if necessary.

            Those are easy to spot since those "failed" CEOs end-up miraculously getting hired by those companies. But taking that to court is next to impossible unless you have correspondence showing it was all planned in advance to submit as evidence.
            That's, in a nutshell, the story of Nokia-MS.

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