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Intel is buying 6 million Imagination shares for 88 Pence a piece and plans to use PowerVR's graphic cores in their next generation application processor family. PowerVR, owned by Imagination, was previously known for their Kyro series which used a revolutionary tile based rendering architecture. Currently PowerVR mainly produces mobile graphics cores. Current Intel IGP's also use PowerVR technology, perhaps Intel and PowerVR will be a nice team against the new AMD/ATI alliance.
View at TechPowerUp Main Site
View at TechPowerUp Main Site