It's been a rough year for Imagination Technologies. The CEO resigned in February, layoffs followed in the next month, and the cloud of a takeover hung over the company with rumored negotiations to purchase the company. The company is best known as a provider of PowerVR GPUs for Apple's iPhone and the MIPS CPU architecture, which competes with Intel's X86 and ARM. Imagination has its eyes set on a strong 2017 by taking an approach much like Intel did last year and refocusing on areas of growth, which include graphics and the internet of things. Imagination next year will release new PowerVR and MIPS chip designs, with the goal of driving growth in those areas.

It's been a rough few months for Mobileye, maker of the assisted driving platform used in cars from automaker Tesla. The two have been at odds over what caused recent Tesla accidents, with the car maker blaming Mobileye's system. Tesla is now developing its own platform for assisted driving, and Mobileye -- having denied responsibility for the Tesla accidents -- is moving on. It is designing a next-generation chip called EyeQ5, which will be used as the brains for fully autonomous cars by 2020. The chip will have a new 64-bit MIPS CPU from Imagination Technologies, which has been dealing with struggles of its own.