Apple gets more of an Imagination

Apple has followed on Intel's heals and taken a 9.5% stake in UK graphics chip designer Imagination (Intel have a 14% stake).

Intel are keen on leading the Mobile Internet Device (MID) market and have recently made public announcements with Nokia. Apple meanwhile are utilising Imagination's PowerVR chips on the new i{Phone 3GS (they used their older chips in the iPhone 3G and iTouch models). This with their purchase of PA Semi means they could well be developing low power ARM chips and PowerVR cores for new ranges of iPhones/iTouch's coming out next year. They could also utilise the chips in their rumoured tablet which is also expected next year.

If Apple do release a tablet, it looks like they'll ignore the notebook market.
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