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Lawmaker wants UK to stop China taking control of Imagination Technologies
- David Davis said the Chinese are trying to export the technology base from Britain to China
- The British firm is a supplier of semiconductor intellectual property to groups like Apple
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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.
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 for Imagination Technologies declined to comment.
“What we think is going on is the Chinese are trying to export the technology base from here to China and that’s inappropriate,” said Davis, a lawmaker from Prime Minister Boris Johnson’s Conservative Party.
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