Ashraf Eassa
Long/short equity, contrarian, independent research, tech

Imagination Technologies Will Be Replaced By An In-House GPU In Future Apple Chips

I'm bullish on Imagination Technologies (OTCPK:IGNMF), as I believe that for the vast majority of mobile system-on-chip designs, its graphics IP will continue to be used. I further believe that its acquisitions of the MIPS assets will eventually pay significant dividends. However, while I was originally enthusiastic that Apple (NASDAQ:AAPL) had not chosen to replace Imagination's GPU IP in its latest "A7" system-on-a-chip, I am now firmly convinced that sooner or later, Imagination will be designed out of Apple's mobile products.

The Evidence

As part of my due diligence, I frequently check the job boards of the companies that I cover for anything material/interesting, and I noticed the following job posting over at the Apple website:...

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