The company issued a brief statement that "Apple has extended its multi-year, multi-use license agreement, which gives Apple access to Imagination's wide range of current and future PowerVR graphics and video IP cores. Under the terms of the above licensing arrangement, Imagination will receive on-going license fees, and royalty revenues on shipment of SoCs (Systems on Chip) incorporating Imagination's IP."
Imagination's graphics cores and surrounding image processing infrastructure are arguably the best in the business, so we can't wait to see what the rumored A8 chipset in the next iPhone and iPad will bring to the table - an ever-higher resolution support with flawless gaming and image editing are certain to be in the cards with PowerVR's GPU lineup.
source: Imagination
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