Britain’s Imagination Technologies announced that they have licensed their “high-performance graphics processor core to a major international consumer electronics company — actually meant Imagination had inked a deal with Sony to supply the graphics processors for a PSP successor.”

On the one hand, it’s certainly plausible: Imagination are also the team behind the iPhone’s graphics processor, though the one mooted for the PSP2 – the unannounced SGX55x – is obviously more powerful.

[via Kotaku]