They're unlikely to license any microarchitecture which the recent press release talked about due to its lack of "multi-use" language, it's probably again a wide-range architecture and IP license as an extension of what they're already had for half a decade. Also note people saying Apple broke up with them; those press releases are scrubbed from the web and as far as I know the royalties never stopped flowing (till the new deal). Apple played dumb in regards to the "clean-room GPU" claim, indicating again that it never existed.
Meaning the new deal might skip royalties after all?
There's still a larger market outside of those, for example they're still leading the TV SoC market.
I severely doubt they went back to profitability ever since the first announcement that Apple plans to supposedly no longer use their IP. If automotive, TV SoC and the rest are not enough to cover their expenses then Imagination truly needs to completely change course as they can't survive in the longrun, whether there's a Chinese government umbrella related or not.
The entire Alborix philosophy strikes me for far more ambitious plans then just something to render a TV UI or automotive dashboards/infotainment (high end goes to NV IMHO).
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