Freescale, Motorola's former chip division, has licensed Imagination Technologies' PowerVR MBX Lite graphics core.
The deal was struck through ARM, which entered into a sub-licensing agreement with Imagination in April 2002. It's been a useful arrangement for Imagination, since ARM carries far more clout than the smaller company does and is able to promote PowerVR technology alongside its own CPU cores.
Read the complete story. (The Register)