Imagination Technologies is moving forward with the development of the MIPS CPU architecture, trying to dispel concerns about the processor’s future after acquiring struggling MIPS Technologies late last year for a heavily discounted price.

Imagination, widely known for its powerful PowerVR graphics core in Apple’s mobile devices and Intel’s tablet chips, is making assets acquired from MIPS Technologies the basis of its future CPU development, said Tony King-Smith, executive vice president of marketing at Imagination.

“We are calling all our processor families MIPS,” King-Smith said.

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