Chinese group blocked by Trump announces UK chip-maker buyout
(The Guardian China)

Canyon Bridge to make £550m all-cash offer for Imagination, whose graphics chips have been used in Apple´s iPhone A Chinese group that was stopped by Donald Trump from buying a US chip-maker last week has announced a £550m takeover of British chip designer Imagination Technologies.Canyon Bridge Capital Partners´ all-cash offer for Imagination showed the buyout fund remained focused on investing in western chip-makers after its $1.3bn (£960m) deal to buy Lattice Semiconductor was blocked over US national security concerns. Related: Apple exit sends UK chip firm`s shares into freefall Continue reading...