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Chinese-backed investment firm Canyon1 Bridge is reportedly set to buy UK technology firm Imagination.
This came months after the British chip designer put itself up for sale in June, after its largest customer Apple announced it'll stop using its products.
The 550 million pound, or 740 million U.S. dollar deal, is not Canyon Bridge's first deal to purchase a Western tech company.
Canyon Bridge had been seeking approval for a 1.3-billion-U.S.-dollar deal to buy U.S. chipmaker Lattice Semiconductor2, but the sale was barred by the Trump3 administration.
With more on this, the Beijing Hour's Shane Bigham spoke4 earlier with Mike Bastin, director of China Business Center with Southampton Solent University in the UK.
1 canyon | |
n.峡谷,溪谷 | |
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2 semiconductor | |
n.半导体 | |
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3 trump | |
n.王牌,法宝;v.打出王牌,吹喇叭 | |
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4 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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