Imagination Technologies is to buy the operating business of MIPS Technologies for $60 million adding 160 engineers and 82 patents to its arsenal in the deal. “The MIPS architecture is widely respected, and is complementary to Imagination’s existing CPU capabilities…, Imagination will continue to support and expand the MIPS architecture and ecosystem, with the combined effort aiming to create a new industry-leading force in CPU development and licensing.” said Imagination CEO Hossein Yassaie.
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