Anybody who pays attention to Apple (NASDAQ: AAPL) supply chain stocks is likely aware of the recent drama between Apple and its longtime graphics processor supplier, Imagination Technologies (NASDAQOTH: IGNMF).
As a refresher, Apple had licensed graphics processors for many years, which it then incorporated into its custom-designed A-series processors that power its iPhone, iPad, Apple TV, and more. Imagination Technologies, as a result, received royalty payments for each Apple A-series processor shipped.