Major new strategic agreement with Mediatek

 IMG today announced a major new agreement with Mediatek:

Multi-year, multiple core agreement provides MediaTek with access to market leading graphics technologies

Imagination Technologies (LSE: IMG.L), a leading multimedia, processor, communications and cloud technologies company, has signed a further license agreement with MediaTek Inc., a leading fabless semiconductor company for wireless communications and digital multimedia solutions. The multi-year agreement includes multiple cores from Imagination’s PowerVR Series6 ‘Rogue’ family and beyond.
PowerVR Series6 is already enabling MediaTek to deliver products with advanced graphical features, such as OpenGL ES 3.0 support, while maintaining the low power profile essential to mobile devices. The new agreement will ensure MediaTek has access to innovative and market leading graphics technology for years to come.

Says Johan Lodenius, chief marketing officer for MediaTek: “MediaTek is focused on providing a market-leading product range that delivers all key market requirements resulting in true end user benefits, including leading performance and an enhanced feature set, all at low power.  The strengthening strategic relationship with Imagination is a significant element in our SoC roadmaps and we are pleased with this multi-year agreement which will deliver the next wave of success for both companies across key segments.”

Says Imagination EVP marketing, Tony King-Smith: “Graphics performance and efficiency, particularly in terms of optimal power consumption, are crucial to the majority of markets today, especially mobile. With wide ranging adoption of PowerVR technology MediaTek will confidently deliver a range of solutions that address those markets in a compelling way. MediaTek’s SoCs are a great example of how we see our partners using their unique expertise and innovation combined with our technologies to differentiate their products.”
MediaTek will deploy the technology in SoC devices targeting multiple markets across its product range.
Under the terms of its licensing arrangements Imagination receives license fees, and royalty revenues on shipment of SoCs incorporating Imagination's IP.

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This is IMG's first multi-year/multi-core rns since September 2008 (with Apple) and comes after a period of time when many had doubted the strength of the relationship with Mediatek. It reinforces the Mediatek feedback from Dave/Ronak's recent meeting with Sir HY .Well done to all the team.