(Reuters) — Imagination Technologies said it had started a “dispute resolution procedure” with Apple, its biggest customer, after failing to resolve a standoff over licensing between the two companies.
Imagination said in April that Apple had notified the British firm it was developing its own graphics chips and would no longer use Imagination’s processing designs in 15 months to two years time.
The potential loss of Apple, which accounts for about half of the British firm’s revenue, sent its shares down 70 percent on the day, and the stock has barely recovered. It…
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