Intel, the chip making giant, has entered into an agreement to purchase Havok, the creators of the ever popular physics engine for a reported $21 million.

If you haven’t heard of Havok, it’s the physics engine behind some of the biggest games on the market. Recent big titles include Stranglehold, BioShock, and Oblivion. What many people don’t know is the same company produces an engine to create special effects in movies, which was used in blockbuster titles like The Matrix.

No idea yet how this in going to impact future game development with the Havok engine, but there’s some really smart people over at Intel that could really take it to the next level.