Imagination shares plunge after Apple ends deal


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LONDON: Imagination Tech-nologies Group Plc shares plunged as much as 69% after the UK chip designer said Apple Inc will stop using its intellectual property in new products, potentially marking a loss of the British company’s biggest customer.

The iPhone maker has informed Imagination Technologies that it will cease using its technology for new products in 15 months to 2 years, according to a statement.

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Business , Apple , Imagination technologies , chips , stocks , shares ,

   

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