TweakTown
Tech content trusted by users in North America and around the world
5,677 Reviews & Articles | 36,080 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Intel buys more shares in Imagination

It's easy if you try

| Posted: Jun 19, 2009 10:58 pm

Intel has snapped up more shares in British firm, Imagination Technologies, a designer of video chips, buying 25 million more shares in the firm and taking Chipzilla to 13.99 per cent ownership.

 

Intel buys more shares in Imagination_full

 

"Intel Corporation has already licensed several generations of Imagination Technologies Group plc's graphics and video IP cores for deployment in Intel's PC, mobile computing and consumer architectures," said a company press release, announcing it now held 32 million shares in the designer of video chips for digital radios, media players, mobile phones and navigation devices. That's rather a lot of Imagination.

 

The investment itself was channeled through Intel Capital and makes Chipzilla the second biggest Imagination shareholder lagging only behind Saudi Arabia's Saad Group. The chip firm purportedly has no interest in buying Imagination outright, but is known to have bought up bits and bobs of intellectual property from the smaller firm.

 

Intel would appear to be in good company, as Apple is also among the shareholders (3.6 per cent stake) of a firm which boasts Texas Instruments, Samsung Electronics and Sharp as customers.

 

In the run up to Larrabee's release, Intel has been showing increased interest in the world of all things graphic as it prepares to launch its inaugural Calpella discrete graphics chip.

 

As Intel bought itself some more Imagination, Wall Street bought itself more stock, sending share prices for the firm up by 12.7 per cent.

 

Related Tags

Further Reading: Read and find more news at our news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below