Investors draw up rescue bid for Newport Wafer should Nexperia takeover be blocked semiconductors Computer chip investors are reportedly drawing up plans for a rescue bid of Newport Wafer Fab, should its £63m takeover by Nexperia be blocked by the government. The co-founder of Headlight Technology Partners, which focuses on semiconductor investments, Alex Stewart, told the Telegraph that the newly established fund wants to “try and be part of [...]
Beyond Imagination: What’s next for the scandal-hit British chipmaker? Beyond Imagination: What’s next for the scandal-hit British chipmaker? Imagination Technologies this week confirmed the appointment of telecoms veteran Simon Beresford-Wylie as its next chief executive, marking a new chapter for the British chipmaker. The Hertfordshire-based tech firm has been no stranger to scandal in recent months, with MPs lashing out at the company’s ties to a major investor linked to the Chinese state. [...]
Imagination Technologies share price slumps on 2015 forecast Shares in multimedia tech firm Imagination Technologies tumbled yesterday after it lowered expectations for revenue growth for 2015, it emerged yesterday. Imagination technologies, founded in 1985, listed on the London Stock Exchange in 1994 and is a key provider of graphics technology to Apple. The company said it expected revenue to be broadly flat [...]
FTSE 100 and 250 quarterly review: Hikma, AA, Virgin Money Holdings and Imagination Technologies Group are in and Afren, Game Digital and Oxford Instruments are out March 4, 2015 The FTSE Group has released its quarterly review showing which companies have edged into the index and which have dropped out. Hikma Pharmaceuticals made its way into the FTSE 100 while Tullow Oil has fallen out of the top index. Hikma floated on the London Stock Exchange in 2005. Tullow will now join the FTSE [...]
Imagination picks former Sony Mobile chief Bert Nordberg as next chairman February 9, 2015 British microchip designer Imagination Technologies yesterday appointed Bert Nordberg as its new chairman. Nordberg, the former president and chief executive of Sony Mobile communications, will succeed Geoff Shingles, who is retiring on 20 March. “It is a great pleasure to welcome Bert to Imagination,” said Imagination’s Senior independent director David Anderson in a statement. “His [...]
Imagination’s FTSE dream on road to reality January 8, 2015 Imagination Technologies chief executive Sir Hossein Yassaie said yesterday that he believed the British graphics chip designer was on the right track to becoming a FTSE 100 business. Yassaie’s confidence came after Imagination signalled in December that the business would begin slowly transitioning from an investment phase into a deployment phase, which Yassaie hoped would [...]
Imagination and Arm share prices lifted by soaring demand for Apple’s iPhone 6 September 17, 2014 Imagination Technologies saw its shares jump as much as nine per cent yesterday after the graphics chip maker – whose products are used in Apple’s new iPhone 6 – said it was encouraged by levels of licencing activity since May. Excitement following the record 4m pre-orders for the iPhone 6 over the weekend sent Imagination’s [...]
New graphics chips range lifts Imagination March 19, 2014 IMAGINATION Technologies led the FTSE 250 yesterday morning after the British technology giant announced a “disruptive” new line of graphics processors for smartphones. Shares were also boosted by UBS, which said that Imagination was “down but not out” in a note that upgraded the stock from neutral to a buy. UBS analyst David Mulholland said: [...]
Imagination shares lift as Apple extends its iPhone chip contract February 6, 2014 IMAGINATION Technologies saw its shares rocket as much as 20 per cent yesterday after it renewed a multi-year contract with Apple to supply the iPhone-maker with graphics chips for its devices. Since the beginning of 2012 Imagination’s share price has plummeted by over 75 per cent on fears that the chip maker was losing market [...]
Imagination out of favour after demand slows December 11, 2013 IMAGINATION Technologies said a slowdown at the top end of the smartphone market would hit the number of chips shipped with its graphics and video technology in the second half of the year, sending its shares down more than 20 per cent. Its lower guidance, combined with disappointing first-half results, pushed Imagination’s shares down to [...]