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
-
Shein shifts IPO focus to Hong KongThe development piles fresh pressure on London’s beleaguered stock market, which many had hoped would be boosted by Shein’s IPO
-
Scientists turn lead into gold – could it wreck the yellow metal's price?Medieval alchemists have been vindicated after scientists turned lead into gold, but the results aren’t going to crash the gold price any time soon
