November 11, 2008 -- Imagination Technologies Group plc (LSE:IMG; "Imagination") a leader in System-on-Chip Intellectual Property ("SoC IP") - reports that NXP Semiconductors (“NXP”) has signed a multi-use licence agreement for a member of Imagination's POWERVR SGX graphics IP family. This agreement is initially focussed on SoC devices targeting digital consumer electronics applications including HDTV and Set-Top Box (STB).
Christos Lagomichos, executive vice president and general manager of the Home business unit of NXP says: “NXP sees that graphics will increasingly become a mandatory requirement for TV and STB as consumer expectations for advanced user interface (UI), graphics rich applications such as games, and Internet content, continue to grow. This is a textbook example of the benefits of combining the best of internal and external IP assets to deliver the next level of multimedia experience to consumers.”
Hossein Yassaie, CEO, Imagination says: "We are delighted to be working with NXP, one of the top chip suppliers in the TV and STB market. NXP has proven to have the strategy to deliver leading solutions for the rapidly evolving ‘Home’ market. By combining its highly respected in-house video, audio and display technologies with Imagination’s proven expertise in high performance graphics NXP is creating a solution capable of driving the market and redefining consumer expectations and enjoyment.”
This new licence with NXP extends the relationship which has previously included a licence for Imagination's POWERVR MBX technology.
Under the terms of its licensing arrangements, Imagination receives licence fees and royalty revenues on SoCs incorporating Imagination's IP.
About NXP Semiconductors
NXP is a leading semiconductor company founded by Philips more than 50 years ago. Headquartered in Europe, the company has about 33,500 employees working in more than 20 countries and posted sales of USD 6.3 billion (including the Mobile & Personal business) in 2007. NXP creates semiconductors, system solutions and software that deliver better sensory experiences in TVs, set-top boxes, identification applications, mobile phones, cars and a wide range of other electronic devices. News from NXP is located at www.nxp.com.
About Imagination Technologies
Imagination Technologies Group plc (FTSE:IMG) – a leader in semiconductor System on Chip Intellectual Property (SoC IP) – creates and licenses market-leading embedded graphics, video and display accelerators, multi-threaded processors and multi-standard receiver technologies. These IP solutions are complemented by dynamic and extensive developer and middleware ecosystems. Target markets include digital radio and audio; mobile phone multimedia; personal media players (PMP); in-car navigation and driver information; personal navigation devices (PND); Ultra Mobile PC (UMPC) and Mobile Internet Device (MID); digital TV & set-top box; and mobile TV. Its licensees include leading semiconductor and consumer electronics companies, as well as innovative leading edge start-up and fabless semiconductor companies. Imagination has corporate headquarters in the United Kingdom, with sales and R&D offices worldwide. See: www.imgtecplc.com.