Imagination sells loss-making Pure
September 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.
To read the full article, click here
Related Semiconductor IP
- LPDDR6/5X/5 PHY V2 - Intel 18A-P
- ML-KEM Key Encapsulation & ML-DSA Digital Signature Engine
- MIPI SoundWire I3S Peripheral IP
- ML-DSA Digital Signature Engine
- P1619 / 802.1ae (MACSec) GCM/XTS/CBC-AES Core
Related Blogs
- The semiconductor IP business: the Imagination overview
- Global semicon market set for slowdown due to deteriorating business climate!
- EDA / IP Business Model Debate: Daniel Nenni versus Aart de Geus
- ARM Chips Away at Intel's Server Business!
Latest Blogs
- Why What Where DIFI and the new version 1.3
- ML-DSA explained: Quantum-Safe digital Signatures for secure embedded Systems
- Efficiency Defines The Future Of Data Movement
- Why Standard-Cell Architecture Matters for Adaptable ASIC Designs
- ML-KEM explained: Quantum-safe Key Exchange for secure embedded Hardware