I can't tell you 100% that it's not an entirely new GPU that was somehow completely reinvented from scratch but I can tell you I think that's highly unlikely.
Imagination couldn't protect their IP because they couldn't afford the lengthily court case that would ensue.
Note by the way Apple have quietly started licensing IP from IMG again, long after striking ~75% off the stock price and resulting in them being acquired by a private equity firm...
I guess taking your biggest (ex)customer to court isn't something that any company would do lightly especially when that company has the deepest pockets in the world and you're not in the best financial position yourself.
It's a shame that more light can't be shed in the press - if Apple cares about one thing it's their brand.
Apple have repeatedly done this same process to a number of suppliers. There was a good website that listed all of the offices apple opened near suppliers before cutting them off, but it went offline :(
IMG should have been much more careful but instead went all-in splashing the cash they got from apple and acting like it was forever. Pretty dumb.
Apple can rely on the media giving them positive coverage. At the time I was amazed at even how much benefit of the doubt even the BBC gave them (US company bankrupting a UK one you'd think they'd back the UK one eh?)
I was also amused to be 'inside' a story discussed on HN, and unsurprised at how far off many were. Tons of apple rationalisation syndrome as usual and lots of 'how dare IMG be so arrogant' etc.
The reality is Apple are extremely ruthless and have been trying to take control of everything for quite some time now.