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

Imagination Technologies Blasts Through Another Barrier

Executive summary:

  • Imagination's shares have been hit by fears that MediaTek, a significant licensee, would continue to design its IP out in favor of ARM's
  • Imagination's management has been quite clear that with its new Series 6 offerings, it could address the broader market
  • A recent product announcement from MediaTek validates Imagination's claims

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Imagination Technologies (OTCPK:IGNMF) recently got a bit of very good news when Apple (NASDAQ:AAPL), a key licensee of the company's GPU IP for its A-series processors, announced that it had extended a multi-year GPU IP licensing agreement with Imagination. While the long-term fears of design out in favor of an Apple-designed GPU still loom, it seems that, at the very least,...

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