Beijing time on May 9, according to morningstar investment agency web site, the chip maker Imagination Technologies, disclosed in a regulatory filing Monday, PLC, purple light group has acquired a 3% stake in the company. After the news, Imagination shares rallied.

Purple light group to buy the chip maker Imagination a 3% stake

Imagination shares trading on Monday morning rose 15% to 173.25 pence, is the best stocks in the ftse index.

Purple light group in November last year, said plan in time to invest $47 billion in the next five years, the goal is to become the world's third largest chipmaker. Purple light group controlled by tsinghua university.

Purple light group in August last year plan for $23 billion micron technology, but was refused. Purple light group also had considered buying western data share, no success. Purple light group has bought Taiwan force into technology co.

There are many reports of the Imagination as a potential takeover target. In march, after coming out of apple is interested in buying Imagination, the latter's shares rallied. Apple later denied the report, said it is not going to offer to the Imagination.