Imagination Technologies Group, the system-on-chip intellectual property developer, has signed a licence agreement with US mobile technologies giant Qualcomm.
The statement from the Hertfordshire head-quartered technology firm was coy about the nature of the contract, saying it was for certain intellectual property (IP) from Imagination's Ensigma universal communications co-processor broadcast, communications and connectivity IP family.
No details of the financial value of the deal were released but the market took an optimistic view, with Imagination's shares climbing 17p to 699.5p in the first 20 minutes of trading.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
JH
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
