Imagination technologies are the main supplier of the graphics chips used in Apple devices, their PowerVR GPU’s have been used in Apple devices since the Apple A4 processor, the latest processor is the Apple A9 an A9X.
According to a recent report, Apple and Imagination Technologies are in the middle of talks relating to a possible acquisition.
Apple already owns shares in the company, it has acquired 3.5% off the company’s shares in 2008 and this was increased to 9.5% in 2009.
If Apple does buy Imagination Technologies, this would allow the company to move their GPU design in house, neither company has commented on the possible acquisition.
Source Ars Technica