Apple owns 9.3 percent of Imagination Technologies and uses its PowerVR SGX graphics chip inside its iPad — now the smaller firm has seen profits climb 131 percent and also made a critical $27 million investment in 3D technology for mobile devices. Imagination Technologies is to buy Caustic Graphics for $27m to bring 3D graphics to mobile phones. The company also recently acquired VoIP operator, HelloSoft for “up to $47 million”, reports claim.

Caustic Graphics makes the OpenRL SDK. “Built on the OpenGL and OpenGL Shading Language (GLSL) APIs, the OpenRL SDK is a cross-platform, industry-standard programming API with unique raytracing extensions,” the company says. Interesting to reflect the Imagination purchase comes as Apple files a bevy of 3D patents.

First half adjusted pre-tax profits at Imagination Technologies Group jumped 131% to £10.1m driven by doubling of chip unit volume and strong licensing. The company also owns the PURE digital radio brand.

“Despite the volatile macro economy, the group remains well placed for further solid growth based on its active licensing pipeline, expected chip volume ramp and royalty growth, as well as the potential for PURE to exploit its strong product line-up and develop its new sales territories.”

FTC: We use income earning auto affiliate links. More.


Check out 9to5Mac on YouTube for more Apple news:

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author