Intel invests in PowerVR Graphics

Posted on Tuesday, October 03 2006 @ 15:37 CEST by Thomas De Maesschalck
ExtremeTech writes Intel and Texas Instruments have signed licensing agreements with Imagination Technologies.
Under the agreement with Intel, the UK software developer will extend the licensing and deployment of its intellectual property for graphics and video for use with Intel's PCs, mobile computing and consumer architectures in certain segments.

Under the licensing deal with Texas Instruments, the U.S. semiconductor company will use Imagination's graphics technology in its next generation application processor family.

Imagination also said Intel Capital, the venture capital arm of Intel, will invest 5.28 million pounds ($9.9 million) in Imagination by subscribing for 6 million new shares at Friday's closing price of 88 pence.

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