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Online: 439 Poniedziałek, 2017.09.25



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poniedziałek, 25 września 2017 14:01

UK technology firm Imagination, which designs graphics chips for smartphones, is being bought for £550m by a Chinese-backed investment firm. Imagination put itself up for sale in June after Apple, its largest customer, said it would stop using its products. The boss of Imagination, Andrew Heath, said the takeover by China-backed Canyon Bridge was a "very good outcome" and would ensure it remained in the UK. It becomes the latest UK chip designer to be bought by a foreign investor. Last year, ARM, which designs microchip technology used in Apple and Samsung smartphones, was bought by Japan's Softbank for £24bn. Canyon Bridge recently raised $1.5bn (£1.1bn) from Chinese investors and has offices in Beijing and San Francisco.

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