Last Updated : GMT 09:40:38
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Monday 21 April 2025
Last Updated : GMT 09:40:38
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Canyon Bridge

China-backed fund to buy British chipmaker after US snub

Themuslimchronicle, themuslimchronicleChina-backed fund to buy British chipmaker after US snub277051/84
Beijing - AFP
Canyon Bridge, an investment fund backed by a Chinese state-owned group, is to acquire the British electronics company Imagination Technologies, shortly after being barred by Washington from buying US chipmaker Lattice Semiconductor. Canyon Bridge will pay 550 million pounds cash ($743 million) for the British group, which specialises in mobile graphics processor technology, Imagination said. Imagination's products were widely usedRead more

Trump blocks Chinese acquisition of US semiconductor firm

Themuslimchronicle, themuslimchronicleTrump blocks Chinese acquisition of US semiconductor firm275667/335
Washington - Muslimchronicle
Citing national security concerns, President Trump on Wednesday blocked a Chinese-backed investor from buying Lattice Semiconductor Corp. — only the fourth time a president has stopped a foreign takeover in 27 years. The would-be buyer, Canyon Bridge Capital Partners LLC, is a private-equity firm backed by a Chinese state-owned asset manager, Bloomberg reported. “Consistent with the administration’s commitment to takeRead more

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