MStar licenses Imagination Technologies' PowerVR graphics IP

Imagination Technologies Group plc (LSE: IMG; “Imagination”), a leader in System-on-Chip Intellectual Property (“SoC IP”), has signed a multi-use license agreement with MStar Semiconductor, Inc. (MStar), a worldwide leader in Digital TV chip sales, for IP from Imagination’s PowerVR SGX Series5XT graphics family.

MStar will deploy Imagination’s technologies in SoCs targeting consumer markets.

Under the terms of its licensing arrangements Imagination receives license fees and royalty revenues on shipment of chips incorporating Imagination’s IP.