6th Feb 2014 09:10
LONDON (Alliance News) - Imagination Technologies Group PLC rose to the top of the FTSE 250 Thursday morning after it announced that it had extended its multi-year, multi-use license agreement with the US's Apple Corp.
Under the agreement Apple can use Imagination's range of current and future PowerVR graphics and video IP cores in its smartphones, tablets and other devices.
Imagination will receive on-going license fees and royalty revenues on the shipment of systems-on-a-chip using its intellectual property in Apple's products.
Shares in Imagination were trading up 15% at 185.70 pence, making it the top gainer on the FTSE 250.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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