LONDON (Reuters) – The British government should seek every mechanism to prevent the removal of the technology base of Imagination Technologies to China, including seeking a Western buyer for the company, British lawmaker David Davis said on Tuesday.
FILE PHOTO: The headquarters of technology company Imagination Technologies is seen on the outskirts of London, Britain, June 22, 2017. REUTERS/Hannah McKay
Imagination Technologies licenses its semiconductor chip designs that are the basic units powering everything from smartphones to computer game consoles. They are also used in Artificial Intelligence and data transfer.
The company’s China-backed owners – private equity firm Canyon Bridge – have tried to wrest control of the group by seeking to appoint board members who will support them, Davis said.
A board meeting, due to take place on Tuesday, was delayed after the British government intervened, the government said. Ron Black stepped down as CEO, the company said.
A spokesman…
Source Reuters Tech News
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