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Apple developing its own graphics technology for iPhones, iPads and watches

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Customers and employees are shown through Apple's Australian flagship store in Sydney, September 7, 2016. REUTERS/Jason Reed
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San Francisco, April 4, 2017: Apple is developing its own graphics technology for iPhones, iPads and watches and will soon stop using PowerVR graphics processors made by British chip designer Imagination Technologies, Apple’s largest customer.

In a statement issued late on Monday, Imagination said that Apple has notified them that it will no longer use the Group’s intellectual property in its new products in 15 months to two years time.

The development led to shares in Imagination Tech crashing more than 70 per cent. The company was valued at more than $2.5 billion in 2012.

Apple has used Imagination’s technology and intellectual property for many years. It has formed the basis of Graphics Processor Units (GPUs) in Apple’s phones, tablets, iPods, TVs and watches.

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“Apple has asserted that it has been working on a separate, independent graphics design in order to control its products and will be reducing its future reliance on Imagination’s technology,” the British firm said in a statement.

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The development is bad news for Imagination, which gets about half of its revenue from Apple. It will stop receiving royalties on iPhone and iPad devices soon, media reports said.

“Apple has not presented any evidence to substantiate its assertion that it will no longer require Imagination’s technology, without violating Imagination’s patents, intellectual property, and confidential information. This evidence has been requested by Imagination but Apple has declined to provide it,” the statement further added.

Imagination thinks it would be extremely challenging to design a brand new GPU architecture from basics without infringing its intellectual property rights, accordingly, Imagination does not accept Apple’s assertions.

“Apple’s notification has led Imagination to discuss with Apple potential alternative commercial arrangements for the current license and royalty agreement,” the company said. (IANS)

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Out of Total Tax Fine of $15 billion, Apple Pays $1.77 billion to Irish Government

In August 2016, the European Commission said that Apple benefited from illegal tax benefits in Ireland from 2003 to 2014.

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Apple pays $1.77 billion of total $ 15 billion fine. Pixabay

Apple has paid $1.77 billion of total $15 billion to the Irish government as it begins to collect tax and interest into an escrow account set up to hold the sum.

“This is the first of a series of payments with the expectation that the remaining tranches will flow into the fund during the second and third quarter of 2018 as previously outlined,” the Irirsh Times quoted Minister for Finance Paschal Donohoe as saying after the first transfer.

In August 2016, the European Commission said that Apple benefited from illegal tax benefits in Ireland from 2003 to 2014.

Meanwhile, Apple and Ireland are still pursuing appeals against a 2016 European Commission’s decision saying the iPhone maker’s tax treatment was in line with Irish and European Union law.

Apple pays fine
Apple pays fine to Ireland Government. Wikimedia commons

In 2016, the EU ordered the iPhone maker to pay almost $15 billion in back taxes to Ireland as it believed Ireland had not been collecting enough taxes and instead had been giving companies like Apple too big of a break on its already low 12.5 per cent tax rate.

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Apple has reportedly moved its cash to the small island of Jersey off the south coast of England to avoid further Irish taxation, CNET said in a report.

The Irish government expects that all of the money would be transferred by the end of September. (IANS)

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