Under the terms of its licensing arrangements, Imagination receives license fees and royalty revenues on system-on-chips incorporating Imagination’s IP.
Imagination said that this new license with NXP extends the relationship which has previously included a license for Imagination’s PowerVR MBX technology.
Christos Lagomichos, executive vice president and general manager of the home business unit at NXP, said: NXP sees that graphics will increasingly become a mandatory requirement for TV and set-top box (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 of Imagination, said: 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.
