A new PowerVR SGX licensing agreement from Imagination with Sony sparked rumours that Sony's upcoming PlayStation Portable 2 may feature the PowerVR SGX55x graphics core:
Imagination (Kings Langley, England) announced Monday (Nov. 24) that it has signed a license agreement with a new partner, a major international consumer electronics company, for a forthcoming member of Imagination's POWERVR SGX graphics processor family.
There were no names and no values ascribed to the licensing but the hint that it is materially insignificant. As a publicly held company Imagination is under pressure to disclose events of material significance via one or more of the many regulatory news services.
According to sources today's announcement by Imagination is for an upgrade to the Sony PSP2 and the SGX core is expected to be the SGX55x.
In its press release Imagination said that it expects that this agreement will extend the reach of its PowerVR architecture into "another high-volume consumer device segment."