Apple and Samsung chipmaker Imagination has scheduled an emergency board meeting after it emerged that a state-controlled Chinese investor is trying to seize the company.
According to a report from Sky News:
A state-controlled Chinese investor is trying to seize control of Imagination Technologies Group, the British chip designer – sparking fears that its prized intellectual property assets could disappear from the UK.
Sky News can exclusively reveal that Imagination, which was taken over in 2017 in a £550m deal, has scheduled an emergency board meeting next week to discuss the appointment of four representatives of China Reform Holdings as directors.
The report claims that senior MPs in the UK have also been alerted to the move, and plan to lobby Prime Minister Boris Johnson over the weekend “to intervene on the grounds of potential risks to national security.” UK intelligence…