April 8, 2008 -- Imagination Technologies, Ltd. has reported that Renesas Electronics Corp. has licensed a third member of Imaginationís PowerVR SGX graphics core family under a multiple-use license arrangement. The core will be integrated into future Renesas SOCs for mobile applications. Under the terms of its licensing arrangements Imagination receives license fees and royalty revenues on SOCs incorporating Imaginationís IP shipped by partners.
This announcement extends the growing relationship between the two companies. Renesas was a lead-licensee of Imaginationís PowerVR MBX and PowerVR MBX Lite graphics cores which it has deployed in automotive, consumer and mobile devices, shipping now in volume. Renesas subsequently licensed two members of the PowerVR SGX graphics core family, in March and October 2006.