Con il comunicato stampa di seguito allegato, Imagination Technologies ha reso noto di aver sottoscritto un accordo con Intel in base al quale il colosso americano del silicio ha acquisito una quota di azioni pari al 2.9% di Imagination, per un controvalore di 5.28 milioni di sterline.
Non solo, accanto all'agreement di carattere finanziario, è stato definito un piano di partnership che estenderà l'utilizzo della tecnologia di Imagination Technologies, peraltro già applicato in una parte dei chip di tipo "Intelligent Graphics Processor" o "IGP" di Intel, ad alcuni dei segmenti tradizionalmente coperti dalle soluzioni Intel, come quello dei pc e quello dei dispositivi mobile.
Imagination Technologies Group plc (LSE:IMG; "Imagination") – a leader in System-on-Chip Intellectual Property ("SoC IP") – today announces that it has reached a new major collaboration agreement with Intel Corporation (“Intel”), which extends the licensing and deployment of its graphics and video IP cores for use with Intel’s PC, mobile computing and consumer architectures in certain segments.
Imagination also announces an investment by Intel Capital, the venture capital arm of Intel. Intel Capital will invest £5.28m in Imagination, subscribing for 6,000,000 new ordinary shares of Imagination’s share capital (representing 2.9 per cent. of issued share capital prior to such issue) at a price of 88 pence per share, being the closing price on the London Stock Exchange on Friday 29 September 2006.
Arvind Sodhani, President of Intel Capital, says: "Intel Capital’s investment recognizes the importance of graphics, video, and display technologies for the PC, mobile computing and consumer markets. This investment together with the ongoing collaboration between Intel and Imagination will expand these capabilities bringing the benefits of enhanced graphics and video to customers around the world."
Anand Chandrasekher, Sr. Vice President, General Manager Ultra Mobile Group – Intel, added: “Imagination has a wide range of significant and market-leading graphics and video IP cores, together with a team of highly respected engineers with many years experience of embedded multimedia. Intel highly values our collaboration with Imagination Technologies in the development of industry-leading multimedia capabilities for future PC and consumer products.”
Hossein Yassaie, CEO, Imagination Technologies says: “Our relationship with Intel, the world’s largest semiconductor company, has reached a new stage that will see the companies working together to enable a growing range of Intel processors with Imagination’s industry-leading graphics and video capabilities. We are delighted to continue and extend this relationship with Intel for our new generation of PowerVR graphics and video cores.”
Under the terms of its licensing arrangements Imagination receives license fees and royalty revenues on SoCs incorporating Imagination’s IP shipped by partners.
Application for the new shares to be admitted to trading on the London Stock Exchange and the Official List of the UKLA is being made, with listing and admission of those shares anticipated to be by the end of this week.
News Source: Imagination Technologies Press Release
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