Sir hossein yassaie biography channel
Creator of the GPU IP industry, Sir Hossein Yassaie passes the baton
Sir Dr. Hossein Yassaie has stepped down as Chief Executive of Imagination Technologies, and Andrew Heath, one of the non-executive directors, has been appointed Interim Chief Executive.
Imagination is also announcing details on restructuring initiatives. These include the sale of Pure, its consumer electronics business, and the expectation at this stage that The group expects to reduce total operating costs of its on-going businesses by £15 million in the next financial year ending April 2017, with a modest impact in the current financial year. Of this, £2 million will be re-invested in PowerVR, further strengthening the Group’s flagship multimedia product.
The group believes there are potentially more appropriate owners for Pure, given the economies of scale in the consumer electronics market, who will be able to leverage its leading technologies and brand. Imagination will treat the Pure division as a discontinued operation with immediate effect. Imagination will also initiate a full operational review, including all R&D expenditure. This review, which is expected to last several months, will ensure investment is focused on core activities that are set to deliver attractive returns.
What do we think?
Yassaie has left Imagination after 18 years as chief executive,. He has been our friend for longer than that, and it is correct to say the company (or “the group,” as they like to call themselves) will not be the same. Hopefully it will be OK, but it certainly won’t in my opinion be better.
SIR DR. Hossein Yassaie.
Granted, the Pure product didn’t fit well with the company’s main efforts or strengths; although it helped Imagination to become number one digital radio IP supplier, it became a cash and man-agement drain. Imagination would not be the first, nor the last, to have some structural Sir Hossein Yassaie is a recognised figure on the world technology stage & an entrepreneur with a deep belief in disruptive technologies & business strategies. He was CEO of Imagination Technologies Group Plc until Q1 2016, where he created a global tech business powering billions of devices. He was also behind the iconic brand Pure. His work has notably impacted several markets including mobile, consumer, automotive and enterprise. In 2013 Hossein was Knighted by the Queen, in recognition of his services to technology & innovation. He now is chair/director/investor/advisor in several companies & is passionate about helping start-ups and scale-ups to achieve global success & scale. His tech portfolio now includes -User Interface & Experience: Ultraleap, Uniphy driving the future of man-machine interactions He actively gets involved at Board level and/or advisory roles to ensure his portfolio companies’ strategy and operation deliver the result. His industry standing and relationship are invaluable in these regards. He also appreciates fine and outstanding dining experiences. This passion has led to his active involvement in and development of Unique Dining restaurant group focusing on diners’ experience and currently operating Crockers Tring experiential fine-dining restaurants. British entrepreneur, investor and global business leader Sir Hossein YassaieFREngFIET is a British entrepreneur, global business leader and investor in technology sector. His work and focus have centred around new and transformational technologies and products. Among these were digital TV revolution, the enablement and rise of smart phones and more recently, next gen user interfaces/experiences and combating the new-age threat of internet mis/dis-information. Currently he is actively involved in his portfolio of leading technology companies through board directorships, chairmanships, investments and advice. Among his portfolio companies are articulate.xyz. Previously Yassaie was the chief executive officer of Imagination Technologies where he worked from 1992 to 2016 and created one of the leading and most impactful UK-based technology businesses with its technologies enabling and powering many iconic brands. Prior to Imagination he worked in senior technology and executive roles at Inmos (often recognised as the original cradle of the modern UK technology industry) and the leading European semiconductor company STMicroelectronics. Yassaie also chairs the not-for-profit industry and community association TechWorks. In addition to the technology companies, Yassaie has a fine-dining experiential restaurant group in his portfolio operating under Crockers Restaurants. Yassaie came to Britain in 1976 from Iran and became a United Kingdom national in 1984. He studied Electronics and Communications at the University of Birmingham gaining a first class honours Bachelor of Science degree in 1979. He stayed at Birmingham to complete a Doctor of Philosophy degree in signal processing on the application of Charge-coupled devices (CCDs) to Sonar. Following his PhD, Hossein was a postdoctoral research fellow at the University of Birmingham[ British semiconductor and software design company Imagination Technologies Group Limited is a British semiconductor and software design company owned by Canyon Bridge Capital Partners, a private equity fund based in Beijing that is ultimately owned by the Chinese government. With its global headquarters in Kings Langley, England, its primary business is in the design of PowerVR mobile graphics processors (GPUs), neural network accelerators for AI processing, and networking routers. The company was listed on the London Stock Exchange until it was acquired by Canyon Bridge in November 2017. The company was founded in 1985 by Tony Maclaren, and subsequently led by him as group chief executive, as VideoLogic and originally focused on graphics, sound acceleration, home audio systems, video-capture and video-conferencing systems, making interactive video products for personal computers. It was first listed on the London Stock Exchange in July 1994. The following year it entered into a licensing agreement over its PowerVR technology with NEC (now Renesas) who took a 2.29% stake in the company for £1.6 million and acquired the rights to manufacture and sell the chip. On 2 December 1997, NEC subscribed 2.3 million (1.5%) new shares at a price of 56.5p, taking its total stake to 3.5%. In 1999, the company refocused on intellectual property licensing generally and changed its name to Imagination Technologies. Hossein Yassaie, who joined the company in 1992, became the company's chief executive officer (CEO) in 1998. On 29 December 2012, Yassaie was awarded a knighthood in the 2013 New Year Honours. The award was given in recognition of his services to technology and innovation. Since the 1990s, VideoLogic has provided chips for digital televisionset-top boxes. On 23 March 2000, Imagination Technologies acqui Board of Directors
Sir Hossein Yassaie Board of Directors
-Artificial Intelligence: Mindtrace, Mindtech creating new disruptive AI tech and/or tools
-Internet mis/dis-information: Logically using AI & OSINT to fight mis/dis-information at scale
-Video Content Creation: Atomos – IPOed on ASX Q4 2019
-Semiconductors: Agile Analog reinventing analogue circuits
-Education & Music Learning: articulate.xyz, Luminary Roli
-Assisted Living and Health: Kokoon, Neurofenix helping relaxation/sleep and recoveryHossein Yassaie
Education and early life
Career
Imagination Technologies
History