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Chinese GPU designers received key technologies from Imagination Technology: Report
(www.tomshardware.com)
This is a most excellent place for technology news and articles.
They're not dead. Not yet. I think the next 6 months will be interesting for them.
The current batch of stories seems to be coming from disclosures made during a tribunal case over the unfair dismissal of the CEO at the time. I'l think there's a lot of pearl clutching going on in the reporting here. Their IP just isn't on the same scale as companies like Nvidia and AMD so I don't know how they could possibly be much dirty laundry here.