Apple Secures Partnership Extension with Imagination Technologies
According to a post on the Imagination Technologies website Thursday, the U.K.-based semiconductor design company says it has inked a new deal with Apple, a major investor in the company and a 10% owner of Imagination Technologies.
While details and terms of the agreement weren't released publicly, Imagination Technologies confirms that Apple has extended its multi-year, multi-use license agreement. In short, this gives Apple access to Imagination's "wide range" of current and future PowerVR graphics and video IP cores.
Based on how the new deal is structured, Apple will purportedly cough up on-going license fees and pay Imagination Technologies various royalty revenues on shipment of SoCs (Systems on Chip) incorporating Imagination's IP.
Apple's A7 chip used in the current-generation iPhone 5s, iPad Air, and iPad mini with Retina display, uses the British company's PowerVR Series 6 graphics cores.
Source: Imagination Technologies