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.
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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.