That's an integrated graphics chipset, meaning you don't have a graphics card, but a graphics chip on your motherboard.
It also probably means that the VRAM is shared with your PC's RAM, and probably doesn't go higher than 64MB.

So that basically means, while you should be able to emulate PSX at full speed, you likely won't be able to attain a decent framerate with all the bells an whistles of the GPU plugin turned on.
You'll want to bear that in mind, as it it often the cause of low framerates etc.

What version of DirectX are you using? You can find it on the start screen of dxdiag. Note this is only relevant if you're now using a DirectX plugin.