Various sites have been abuzz this morning with rumours of Apple seeking to acquire the manufacturer of the PowerVR graphics chips they utilize, Imagination Technologies. Apple has now flatly denied this rumour; which means simply that they have denied that they are making an offer at this time. That makes sense regardless of the truth of the rumour, driving up the stock price makes the acquisition more expensive for Apple so a public denial makes financial sense whether they do plan to buy the company in the future.
It does make some sense to own your hardware provider and their patents, but it is not as advantageous as it once was. Many companies have found outsourcing their manufacturing to make more sense financially, preferring to buy out competitors to gain market share and patents instead. We will keep an eye out for any new developments but it does not seem likely that we will see a deal go through in the near future.
"From time to time, Apple talks with companies about potential acquisitions. We had some discussions with Imagination, but we do not plan to make an offer for the company at this time."
Here is some more Tech News from around the web:
- Andy Grove has passed on @ Intel
- TSMC likely to raise 2016 capex @ DigiTimes
- How To Test Solid State Drive Health with GNOME Disks @ Linux.com
- iOS 9.3 now available for iPhones and iPads with CarPlay and Night Shift updates @ The Inquirer
- iOS flaw exploited to decrypt iMessages, access iThing photos @ The Register
- Google slings critical patch at exploited Linux kernel root hole @ The Register
- Intel in 3D and virtual reality dash @ The Register
- OLEDs benefit from organic electron injection material @ Nanotechweb
- Smanos W020i WiFi Alarm System Review @ NikKTech
- 5 Wide and Tall Monitors with Hacked Bezels for Wall of Awesome @ Hack a Day
- Wine Makes It Possible To Run Vulkan Windows Programs On Linux @ Slashdot
- AIDA64 v5.70 released