Imagination Technologies has extended its licensing agreement with Apple. While financial terms were not disclosed, the company confirmed the deal will give Apple multi-year, multi-use access to the company’s PowerVR graphics and video hardware.
Imagination Technologies, via MacRumors:
Imagination Technologies Group plc (LSE: IMG, “Imagination”) announces that Apple has extended its multi-year, multi-use license agreement, which gives Apple access to Imagination’s wide range of current and future PowerVR graphics and video IP cores.
Under the terms of the above licensing arrangement, Imagination will receive on-going license fees, and royalty revenues on shipment of SoCs (Systems on Chip) incorporating Imagination’s IP.
Imaginations’ recently announced Series6XT PowerVR GPU is set to replace the current Series6 GPU used in Apple’s A7 chipset. The company claims that the newer GPU will deliver a 50% performance boost compared to previous generation cores. The Series6XT is expected to debut in devices in 2015.
Apple, a 10% investor with an ownership stake in Imagination Technologies, has used the company’s PowerVR graphics architecture in all of its iPhone models made to present.