Apple signs a new deal with its former graphics chip supplier

Remember Imagination Technologies Group? This is the U.K. company that once supplied Apple with Graphic Processing Units (GPUs) for the iPhone and iPad. But starting with 2017's and the following year's iPad Pro, Apple starting using its own GPU designs. Apple also designs the graphics processor used on the Apple Watch. The company told Imagination Technologies Group in 2017 that within two years, it would stop using the firm's intellectual property. In September of that year, Chinese buyout firm Canyon Bridge Capital Partners bought Imagination Technologies for $663 million.

But ...