Exclusive: Chinese-backed owners commit to British HQ for Imagination Tech [Reuters]
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Source: Reuters
Exclusive: Chinese-backed owners commit to British HQ for Imagination Tech 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. 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 Technologies and its owners Canyon Bridge had a constructive meeting,” a spokesman for
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