Skip to main content

Intel Ups Share In Imagination Technology

In what could be seen as Intel's attempt to further consolidate its presence in embedded graphic chip domains, the chip giant announced that it purchased an additional 25 percent shares in UK-based chip designer Imagination Technologies.

The move takes Intel's share holding in the company to 32 million, equating to 14 percent stake in it and currently valued at 30 million pounds as per the Wednesday close of Imagination's at 94 pence.

Imagination Technologies, the company behind the digital radio brand PURE, primarily specialises in System on a Chip (SOC) designs for various embedded graphics processing applications.

However, Intel already employs Imagination IP in some of its products, but it is believed that the prime interest of chip maker is in integrating Imagination graphics designs into its mobile chipsets in future.

Citing the same, the company said in a statement, “Intel Corporation values its continued relationship with Imagination Technologies Group plc and the use of Imagination's technologies by an industry-wide customer base”.

Rejecting rumours on whether Intel has plans to snap up the UK-based graphics chip maker, the chip giant asserted that it has no plans for any such acquisition.

However, Intel isn't the only company that has stake in Imagination, as Apple also purchased 3.6 percent share in the IP firm as a part of technology agreement last year.

and join more than 1550 other followers.

Our Comments

Interesting move from Intel on the chess board. Imagination Technologies could help Intel build a more competitive System on Chip solution based around its Atom architecture and pit it against the ARM platform. Or it could even become nastier if it decides to buy it outright.

Related Links

Intel increases stake in graphics cores provider Imagination (opens in new tab)

(EE Times)

Intel increases interest in embedded chip market (opens in new tab)

(Hexus)

Intel takes bigger Imagination stake-holding (opens in new tab)

(Electronics Weekly)

Intel buys into Imagination (opens in new tab)

(Financial Times)

UPDATE 2-Intel buys additional stake in Imagination Tech (opens in new tab)

(Reuters)

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.