INTC Intel Corporation

By Rory Gallivan

LONDON--Semiconductor giant Intel Corp's (INTC) investment arm is planning to sell its stake in U.K. chipmaker Imagination Technologies Group PLC (IMG.LN), JP Morgan Securities PLC said Thursday.

Intel Capital will offer 13.4 million shares, or about 4.9% of Imagination, for sale and that it will no longer have any shares in the company if all shares are sold, JP Morgan Securities said.

Imagination, which specialises in graphics technology, makes chips for smartphones and other devices made by customers including Apple Inc (AAPL).

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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