LONDON (Reuters) – The Chinese-backed owners of Imagination Technologies told the British government on Friday the chip designer would remain headquartered in the United Kingdom and they would consult over any board changes.
FILE PHOTO: The headquarters of technology company Imagination Technologies is seen on the outskirts of London, Britain, June 22, 2017. REUTERS/Hannah McKay
Confirming an earlier Reuters source-based report, private equity firm Canyon Bridge, which is backed by Chinese state-owned China Reform holdings, said it had a constructive meeting with the British government.
British lawmakers recently became concerned that Imagination Technologies, which supplies intellectual property in areas including graphics and video processing to groups like Apple (AAPL.O), could end up being moved out of the United Kingdom.
Canyon Bridge representatives had a conference call with Secretary of State for Digital, Culture, Media and Sport Oliver Dowden on Friday.
“Imagination…
Source Reuters Tech News
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