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Imagination Technologies on Oct 13 released new chip technology that it hopes will help it expand into the market for data centre chips.
When the iPhone supplier Imagination Technologies Group Plc announced in April that Apple Inc would no longer be using its graphics technology, investors in the small UK company were shocked.
Apple has given Imagination Tech notice that it will stop using its graphics technology in the iPhone and other products in up to two years' time, dealing a major blow to the British company, which could lose half of its revenue.
Imagination Technologies said it had started a "dispute resolution procedure" with Apple, its biggest customer, after failing to resolve a standoff over licensing between the two companies.
Imagination Technologies, the British company whose graphics power Apple's iPhone, said it would make new cost cuts, including job losses, to speed up a turnaround plan.
Apple said it had talked about buying its supplier Imagination Technologies but did not plan to make an offer for the British graphics chip designer at the moment.
This game takes the Life Is Strange series from teenage angst to child-like imagination.
British chip designer Imagination Technologies said it had made no progress in its battle with its biggest customer Apple, and the sale of the company triggered by the dispute was continuing with talks with potential buyers.
Imagination Tech, the British company whose graphics power Apple's iPhone, warned on profit, saying red-hot demand for smartphones had cooled.