ARM today announced a new licensing agreement with LG Electronics that provides access to the low-power ARM Cortex processor and ARM Mali GPU families.

This includes the Cortex-A15 MPCore and Cortex-A9 MPCore processors, as well as the ARM Mali-T604 GPU and ARM CoreLink interconnect and system IP. The license will be used to drive the LG's platform strategy in applications that include digital TV, set top boxes (STB), mobile phones, tablets and smart grids.

LG, who first licensed ARM technology in 1995, has incorporated ARM processors across its product lines, from handsets to Digital TVs.

LG currently offers the Optimus 2X smartphone and G-Slate tablet, both of which run on Nvidia's Tegra 2 chip, which include ARM processors. A license for ARM's upcoming Cortex-A15 processor gives LG intellectual property to make its own ARM-based chip for smartphones and tablets.