Behind the scenes of Imagination Technologies’ company-saving deal with Apple

It’s been a very rocky few years for Imagination Technologies.
Previously, Apple used GPUs in its iPhones and iPads that were designed by Imagination, but Apple moved to its own internal chip designs starting with the iPhone X in 2017 after Cupertion told Imagination Technologies in 2017 that it would stop using its intellectual property in new products within two years.
When Imagination Technologies, then a public company, announced the loss of Apple as its biggest customer, its stock plu