Tech news website Semi Accurate is reporting that Texas Instruments (TI) is planning on selling off their ARM/OMAP division.

TI has not formally announced the deal, nor has the name of a buyer been released. When asked by Hardware Canucks for a statement a spokesperson for Texas Instruments would not comment on the story, citing company policy not to discuss rumors or speculation about mergers, acquisitions or divestitures.

During June’s Computex it was first rumored that TI was interested in selling its OMAP division. According to an apparently well placed, yet anonymous, source in the industry Intel is considering purchasing the division from TI. This source claimed that the OMAP division was not producing the margins that TI wanted, and if the company sold that division it would allow them to focus on their higher margin businesses.

Given the nature of the source, it is impossible to validate the authenticity of his claim.

While Intel has previously purchased divisions from TI – in August 2010 Intel purchased TI’s cable modem division – this purchase would seem unlikely considering Intel’s investment in its own Atom line of processors.

Intel, however, is not the only other potential suitor for TI’s OMAP division: AMD, ATIC, and NVIDIA, are also apparently interested parties.