c-imagination-RTS186FH-Hannah Mckay

A British company lasted only 81 days after Apple said it was planning to drop it

81 days

Back in April, Apple said that it was planning to stop using the chip designs of British company Imagination Technologies, and just 81 days later, the firm is up for sale.

Correction: An earlier version of this piece said that Apple stopped using Imagination’s chip designs in April. Apple is actually planning to stop using the chip designs in 15 to 24 months.

Published   |  Photo by Reuters/Hannah Mckay
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81 days

When the news of the break spread in April, Imagination’s stock fell by almost 70%.

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81 days

Imagination shares since April

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81 days

Now in June, Imagination said it received offers from various bidders and is starting a formal sale process. The news made its stock grow by 17%.

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81 days

Imagination share price on June 22

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81 days

Interested buyers could include Intel, Qualcomm, and even Apple, according to analysts.

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81 days

Suppliers that depend heavily on one major tech company are at constant risk. More than 40% of Imagination’s revenue came from Apple.

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81 days

There are 16 suppliers around the world that rely on Apple for more than half of their revenue.

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