Apple Investing In iPhone Chip Designer

Imagination Technologies Group has sent out a press release revealing that the anonymous client is in fact Apple, confirming that they are the makers of the PowerVR 3D chipset used in the iPhone and iPod touch. It also revealed that Apple is “subscribing for” 8,200,000 new shares in the company. If successful, it would give Apple an ownership interest of 3.6% in the company.
[via MacRumors]

View the comments on the forum…