Saturday, March 25, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG's Mobile Payment Service Coming Soon
Samsung Backs Away From Restructuring Plan, Gears Up For Galaxy S8 Release
Microsoft Delivers Telemetry-free Windows 10 To China
Samsung Plans To Release New Curved TVs
ASUS STRIX GD30 Gaming Desktop Released
New Alcatel A30 and Moto G5 Plus Available On Amazon
CIA Used Sophisticated Hack Techniques To Apple Devices: WikiLeaks
Samsung Adds 4G LTE Capability to Gear S3 Classic
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Imagina...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 06, 2012
Imagination To Challenge ARM With Mips Takeover


Chip designer Imagination Technologies is buying US central processing unit architect Mips's business operations and some of its patents.

Imagination said Tuesday it has agreed to buy MIPS' operating business for $60 million. Under terms of the deal, Imagination will gain 160 engineers and 82 MIPS patents. The move is viewed as a way for Imagination to beef up its CPU core expertise while defending its graphics lead. It would also position Imagination to competing against ARM, which has been pursuing its integrated CPU-GPU solution strategy.

Separately, ARM said it will lead a consortium buying the rights to the MIPS portfolio of 580 patents. The consortium, called Bridge Crossing LLC, will pay $450 million in cash to purchase the rights to the portfolio, of which ARM will contribute $167.5 million.

Both transactions are subject to customary closing conditions, including the approval of MIPS' shareholders, who will vote separately on each of the transactions. Approval of the Bridge Crossing transaction is not subject to shareholder approval of the Imagination acquisition.

Both transactions are expected to close in the first quarter of 2013, according to Imagination and ARM.

"After a thorough review of a wide range of alternatives to enhance shareholder value, our Board of Directors concluded that the best alternative for the Company would be the sale of patent properties to a consortium formed by AST, and a sale of the Company to Imagination. Importantly, as part of Imagination, the MIPS architecture will continue to be supported, and protected by MIPS patents. This highly successful outcome builds upon the rich heritage of the MIPS processor architecture, while effectively monetizing the Company's valuable patent portfolio," said Sandeep Vij, CEO of MIPS.

Mr. Vij continued, "By combining the technologies and skills of MIPS and Imagination, a leading multimedia, communications and embedded processor technology company, we believe that we can together create a powerful, well-differentiated and highly influential alternative to existing CPUs in the market. The move is highly strategic and presents clear benefits to MIPS' customers, employees, and partners."

According to Hossein Yassaie, CEO, Imagination Technologies, "The MIPS architecture is widely respected, and is complementary to Imagination's existing CPU capabilities. I believe that this proposed transaction will be welcomed by both companies' customers, including our mutual partners, and by the electronics industry at large. Post deal closure, Imagination will continue to support and expand the MIPS architecture and ecosystem, with the combined effort aiming to create a new industry-leading force in CPU development and licensing."

Imagination's graphic processor designs are used on Apple's latest iPads and the iPhone 5. Just like its competitor ARM, the company licenses the technology necessary to build processors but doesn't build any on its own.


Previous
Next
Roxio MediaBook for Windows 8 Released        All News        Opera 12.10 for Desktop Released With More Add-ons
Roxio MediaBook for Windows 8 Released     General Computing News      Opera 12.10 for Desktop Released With More Add-ons

Get RSS feed Easy Print E-Mail this Message

Related News
ARM DynamIQ Cluster Technology Boosts AI Instruction Performwnce By 50x
Microsoft Brings Windows Server OS On ARM Chips
Imagination Details New iPhone's Graphics - Meet The Furian 8XT Architecture
New HARMAN Infotainment System Integrates Apple CarPlay Through Wireless Connectivity
VR-capable Imagination Series8XE GPU is Targeted At Low-end Smartphones
Garmin Releases New Fitness Wearables At CES 2017
AMD Announces Radeon Instinct GPU Accelerators for Deep Learning
ARM Physical IP for TSMC 7nm Process Technology Now Available
HARMAN Invests in Navdy and Partners to Offer Aftermarket Augmented Reality Driving Device
Samsung, Harman Outline Connected Car Vision
Samsung to Acquire HARMAN, Accelerating Growth in Automotive and Connected Technologies
New ARM Mali-V61 And Mali-G51 Processors Launched To Offer Richer Mobile VR and 4K Streaming Experiences

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .