Imagination Technologies Group plc (LSE:IMG; "Imagination") a leader in System-on-Chip Intellectual Property ("SoC IP") reports that NEC Electronics Corporation (TSE: 6723), a world-leading semiconductor company, has licensed a next-generation core from Imagination's PowerVR video display technology family under a multiple-use license arrangement.
This proprietary core from Imagination delivers new levels of performance while requiring a significantly smaller silicon area than other solutions.
NEC Electronics will incorporate the technology in SoC devices targeting digital AV markets.
Under the terms of its licensing arrangements Imagination receives license fees and royalty revenues on SoCs incorporating Imagination's IP shipped by partners.
About Imagination Technologies
Imagination Technologies Group plc a leader in SoC IP develops, licenses and supplies market-leading graphics, video and display cores, real-time multi-threaded DSP/RISC processors and communication and broadcast technologies for the mobile, consumer, automotive and PC markets.
It supplies licensable IP (Intellectual Property) supported by advanced development tools to leading semiconductor and consumer electronics companies worldwide.
Imagination Technologies Group plc has its corporate headquarters in the United Kingdom and is publicly traded on the London Stock Exchange (FTSE:IMG).
About NEC Electronics
NEC Electronics Corporation (TSE: 6723) specializes in semiconductor products encompassing advanced technology solutions for the high-end computing and broadband networking markets, system solutions for the mobile handset, PC peripherals, automotive and digital consumer markets, and platform solutions for a wide range of customer applications.
For additional information about NEC Electronics worldwide, visit www.necel.com.
Imagination Technologies Group plc Hossein Yassaie, CEO Trevor Selby, CFO Tel: 01923 260511
College Hill Associates Nick Elwes / Adrian Duffield Tel: 020 7457 2020