Imagination was established in 1985 in Britain and has a long history as an IP provider, with partners amongst the world’s top-20 semiconductor and OEM companies. We license fundamental multimedia, communications and processor technologies and receive a royalty when products using those technologies ship into the market. Imagination is more than a semiconductor IP company. Our focus is increasingly on solutions, and that includes the extensive software and infrastructure required for enabling system-level solutions. Each of our core technologies is built on a smart-innovation. These include the tile-based deferred rendering (TBDR) of PowerVR graphics; the efficient combination of fixed and reconfigurable elements in PowerVR video; the fully programmable heart of our Ensigma connectivity and communications core; the multithreading of our Meta processors; the interoperability of our VoIP technology; and the streamlined approach to handling high-realism images in our Caustic Professional and PowerVR ray tracing.