Imagination Technologies Group revealed today that Intel has licensed the intellectual property to its next-generation video processing architecture technologies.
Intel is an existing Imagination licensee and the new agreement allows it to license the system-on-chip intellectual property firm's programmable PowerVR graphics and video processing chip family, codenamed Eurasia.
In addition the chip giant has taken out rights to use Imagination's latest multi-standard video codec core.
Under the terms of the arrangement, Imagination receives licence fees and royalty revenues on chips incorporating its intellectual property shipped by partners.
Both firms remained tight lipped about the financial details of the deal, stating only that the new licence agreement was "concluded during the current financial year".
Intel has previously licensed PowerVR MBX family graphics and associated video and display cores.
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