Bloomberg has recently revealed that Apple has been steadily increasing its ownership interest in UK company Imagination Technologies, tripling its ownership interest from the end of 2008 to 9.5% at present. Imagination Technologies is a graphics manufacturer of products that are used in smartphone, including the iPhone (and the Palm Pre). Intel is also a significant investor at over 16%. Amid speculation that either company might be planning a takeover, Imagination and Intel has both denied that there is any such intention. Apple, of course, has been silent. As some analysts have noted, this may be simply an investment for both companies which is typical business practice.